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Do you have difficulties making an investment option because you worry about potential losses? Are you concerned that you may not have allocated sufficient money to the asset classes to maximise returns? Or perhaps, you realise that your investments are not diversified enough?

United Overseas Bank Limited’s (“UOB”) newly launched structured deposit may just be the product you need. Adopting the best-of strategy, the UOB Abundance Deposit offers asset diversification through three asset classes: equity indices, real estate indices and commodities, with an early maturity feature based on the performance of these classes.

With the UOB Abundance Deposit, investors need not worry about capital losses as it promises 100% principal return when the investment matures. Moreover, with the potential maturity bonus interest linked to the best performing of four asset allocation strategies, that is, equity-biased, commodity-biased, balanced and the new real estate-biased portfolios, investors’ potential returns will be enhanced accordingly as different allocation ratios will be used for each asset class depending on the asset allocation strategies.

The UOB Abundance Deposit is also structured to allow investors to gain exposure to the Japanese and European equity markets, real estate securities and commodities such as zinc and aluminium, without risking their capital.

Here is what investors can look forward to. At the end of the first year, it pays out an attractive guaranteed interest of 6.0% for SGD deposit, 7.0% for USD deposit and 8.0% for AUD deposit; plus maturity bonus interest (if any) linked to the best performing of four portfolios. This is assuming that the average performance of these four portfolios does not reach or exceed the trigger level which is determined by UOB on the deposit start date.

If the trigger level is reached, UOB will initiate early redemption and investors will receive 100% of their principal and a trigger bonus interest of up to 10% for SGD deposit and up to 14% for USD and AUD deposits before the final maturity date. The minimum effective interest rates for SGD, USD and AUD deposits are 1.16% per annum, 1.796% per annum and 2.060% per annum respectively, assuming only the guaranteed interest is paid for the full tenor.

However, if early redemption does not occur, the maximum tenor for UOB Abundance Deposit in SGD is 4 years 11 months and 2 weeks, while the maximum tenor for USD and AUD deposits is shorter at 4 years.

Dr Ang Kian Ping, Senior Director of UOB Global Treasury, Structured Products Group said, “Following the success and good performance of the UOB Vic3 Deposit and UOB Champion Deposit, we decided to launch another structured deposit with the same best-of strategy. With many markets reaching multi-year highs, a best-of strategy across different asset classes offers better potential for higher returns.”

He also added, “We observe a bullish trend in the current real estate markets, particularly in Japan and Europe, which is why we have included real estate securities as the new asset class in addition to equities and commodities.”

*UOB Abundance Deposit is also available in USD and AUD. Please refer to the respective termsheets for the detailed terms of UOB Abundance Deposit.

About United Overseas Bank
UOB is a leading bank in Singapore that provides a wide range of financial services through its global network of 516 branches, offices and subsidiaries in 18 countries and territories in Asia-Pacific, Western Europe and North America. It has banking subsidiaries in Singapore, Malaysia, Indonesia, Thailand and the Philippines.

UOB is focused on enhancing its leadership in the consumer market, and is today, the largest credit card-issuing bank in Singapore with a card base that has exceeded one million. The Bank also has the largest base of merchants in Singapore, both for consumer and commercial credit card acceptance. There are currently more than 20 co-brand cards in its stable, covering the retail sector, service providers and non-profit organisations.

	UOB Call Centre Phone: 1800 22 22 121 (24-hour, toll-free)

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