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Personal Banking >
Structured Deposits >
Structured Deposit - 688 Deposit
Structured Deposit - 688 Deposit
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Delivering the winning formula
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Please note that applications for Structured Deposit – 688 Deposit (SGD/USD/AUD) closed on 31 March 2006. Below is a snapshot of the account.
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Features of 688 Deposit*
• Protection first. 100% of your principal is guaranteed upon maturity or early redemption by UOB#.
• Guaranteed fixed interest of 6% p.a. for the first year of the tenor~.
• Potential variable interest. From the 2nd year of the tenor onwards, variable interest depends on the number of shares underperforming the Dow Jones Global Titans 50 Index^ by more than the downside buffer. The maximum variable interest is 8% p.a. for the SGD and USD tranches and 10% p.a for the AUD tranche.
• Large downside buffer. The downside buffer is between 15% and 25%, depending on the currency of the structured deposit.
• Auto-correction feature. Up to 2 shares per year are automatically removed from the underlying basket for subsequent years if they underperform the Dow Jones Global Titans 50 Index by 50% or more on the 2 nd observation date of that year.
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SGD Tranche
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USD Tranche
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AUD Tranche
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Guaranteed fixed interest payable at the end of the 1st year
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6% p.a.
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6% p.a.
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6% p.a.
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Tenor (depending on whether early redemption by UOB occurs)
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2 to 5½ years
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2 to 4 years
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2 to 4 years
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N
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N is the number of Shares under-performing DJGT by more than the downside buffer on the 2 Observation Dates of each year.
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Variable interest payable from the 2nd year to maturity
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8% p.a. if N = 0,
4% p.a. if N = 1,
1% p.a. if N = 2,
0% p.a. if N > 2.
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8% p.a. if N = 0,
4% p.a. if N = 1,
1% p.a. if N = 2,
0% p.a. if N > 2.
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10% p.a. if N = 0,
8% p.a. if N = 1,
4% p.a. if N = 2,
0% p.a. if N > 2.
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Early redemption event
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When the maximum variable interest (8% p.a. for SGD & USD, 10% p.a. for AUD) is paid in any year
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Downside buffer
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15%
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24%
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25%
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Minimum effective interest rate (if no variable interest until maturity)
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1.12% p.a.
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1.53% p.a.
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1.53% p.a.
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Name
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Bloomberg Code
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Initial Reference Price (3 April 2006)
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Dow Jones Global Titans 50 Index
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DJGT
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204.35
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American International Group
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AIG UN
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USD65.67
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Barclays Plc
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BARC LN
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GBp671.50
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BP Plc
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BP/ LN
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GBp674.50
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Cisco System Inc
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CSCO UQ
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USD21.59
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Total SA*
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FP FP
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EUR54.2929
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Morgan Stanley
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MS UN
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USD63.25
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Int'l Business Machines Corp
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IBM UN
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USD83.06
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Conocophillips
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COP UN
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USD64.41
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Intel
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INTC UQ
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USD19.35
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JP Morgan Chase
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JPM UN
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USD41.93
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Citigroup Inc
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C UN
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USD47.41
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Royal Dutch Shell
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RDSA NA
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EUR26.11
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Toyota Motor Corp
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7203 JT
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JPY6,510
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Astrazeneca Plc
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AZN LN
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GBp2,907.00
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Wyeth
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WYE UN
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USD48.73
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Pfizer Inc
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PFE UN
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USD25.12
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Note
* Product terms and conditions apply. For each currency, please refer to the respective term sheet for more details.
# The 100% principal guarantee is applicable only upon maturity or early redemption of the structured deposit by UOB (whichever is earlier) in its denominated currency. If your structured deposit is withdrawn before the maturity date or early redemption date, you may receive less than the principal amount.
~ The guaranteed interest of 6% p.a. will be paid on the 1st Interest Payment Date provided that the structured deposit has not been withdrawn before the 1st Interest Payment Date.
^ "Dow Jones", "Dow Jones Global Titans 50 Index" and "DJGT50" are service marks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by United Overseas Bank Limited. UOB Structured Deposit – 688 Deposit based on the Dow Jones Global Titans 50 IndexSM, is not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in such product(s).
Monitor the performance of your structured deposit at:
(PDF: 73KB)
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(PDF: 73KB)
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(PDF: 73KB)
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