United Overseas Bank
   Privilege Banking  |  Private Banking
Deposits
Structured Deposits
  •Fixed Deposit Plus
  •Structured Deposit
  •Wealth Deposit Series
Remittances
Loans
Investments
Insurance
Cards
e Services
Personal
Resources
 


Personal Banking > Structured Deposits > Structured Deposit - Ace 688 Deposit

Structured Deposit - Ace 688 Deposit
Delivering the winning formula

Please note that applications for Structured Deposit – Ace 688 Deposit (SGD/USD) closed on 29 April 2006. Below is a snapshot of the account.

Features of Ace 688 Deposit*

• Protection first. 100% of your principal is guaranteed upon maturity or early    redemption by UOB#.
• Guaranteed fixed interest of 6% of your principal 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.
• Large downside buffer. The downside buffer is between 15% and 24%,    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 2nd observation date of that year.

 
SGD Tranche
USD Tranche

  Guaranteed fixed interest   payable at the end of the 1st   year
6% p.a.
6% p.a.

  Tenor (depending on whether   early redemption by UOB   occurs)
2 to 5½ years
2 to 4 years

  N
N is the number of Shares under-performing DJGT by more than the downside buffer on the 2 Observation Dates of each year.

  Variable interest payable from   the 2nd year to maturity

8% p.a. if N = 0,

4% p.a. if N = 1,

1% p.a. if N = 2,

0% p.a. if N > 2.

8% p.a. if N = 0,

4% p.a. if N = 1,

1% p.a. if N = 2,

0% p.a. if N > 2.

  Early redemption event
When the maximum variable interest (8% p.a.) is paid in any year

  Downside buffer
15%
24%

  Minimum effective interest rate   (if no variable interest until   maturity and there is no early   redemption by UOB)
1.12% p.a.
1.53% p.a.

Underlying Index and Underlying Basket of 16 Shares:

Name
Bloomberg Code
   Initial Reference Price (2 May 2006)
   Dow Jones Global Titans 50 Index
DJGT
210.13
   American International Group
AIG UN
USD65.32
   Barclays Plc
BARC LN
GBp690.50
   BP Plc
BP/ LN
GBp688.00
   Cisco System Inc
CSCO UQ
USD21.39
   Total SA
FP FP
EUR54.69**
   Morgan Stanley
MS UN
USD64.14
   Int'l Business Machines Corp
IBM UN
USD82.42
   Conocophillips
COP UN
USD69.18
   Intel
INTC UQ
USD19.59
   JP Morgan Chase
JPM UN
USD45.50
   Citigroup Inc
C UN
USD49.60
   Royal Dutch Shell
RDSA NA
EUR27.59
   Toyota Motor Corp
7203 JT
JPY6,800
   Astrazeneca Plc
AZN LN
GBp3,013.00
   Wyeth
WYE UN
USD48.86
   Pfizer Inc
PFE UN
USD25.18


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 – Ace 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:

Adobe Reader is required to view these files.



 
Related Links
    •  Branch Locator
    •  ATM Locator


Copyright © 2008 United Overseas Bank Limited. Company Reg No. 193500026Z. All rights reserved.