Features of UOB Structured Deposit: Wealth Deposit - Series (5):
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Guaranteed Interest of 5% p.a.1 at the end of the first 3 months of the Tenor ( equivalent to 1.25% of Deposit Amount), if you hold your whole Deposit Amount till the Guaranteed Interest Payment Date |
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100% principal guaranteed2 |
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Possible Early Redemption by the Bank starting from the end of the first 6 months of the Tenor |
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If Early Redemption by the Bank (Trigger Event) occurs, depositors will receive 100% of Principal plus Early Redemption Bonus. Potential Early Redemption Bonus ranges from 2.5% to 30% of the Deposit Amount, depending on when a Trigger Event occurs |
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Memory feature increases the chance of Early Redemption occurring. Once any of the underlying shares closes at or above its Trigger Price on any day within an Observation Period, it will be “memorised” for the rest of that same Observation Period. Therefore, Early Redemption can occur as long as every underlying share has closed at or above their respective Trigger Prices at least once during the same Observation Period
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Step-down of Trigger Level every 6 months.The Trigger Level for each underlying Share starts at [105% to 110%]3 in the first Observation Period. This Trigger Level is reduced by 0.5% every six months thereafter. |
The minimum effective interest rate is 0.2097% p.a. assuming that no other interest is paid up to the Final Maturity Date.
Notes:
1 The Guaranteed Interest for the first three months Tenor is guaranteed only if the whole Deposit Amount is held till the Guaranteed Interest Payment Date. Please see the Term Sheet for examples on best and worst-case scenarios.
2 Only if the whole Deposit Amount is held till the Final Maturity Date or upon Early Redemption by UOB, whichever is earlier.
3 To be determined by the Bank in its absolute discretion on Initial Valuation Date.
Product terms and conditions apply. Please see the Term Sheet for more details including the actual dates and pre-specified dates. All undefined capitalised terms shall have the meaning given to them in the Term Sheet.
Important Notice and Disclaimers:
The above is for information purposes only and does not constitute an offer, an invitation to offer, a solicitation or a recommendation by UOB to enter into or conclude any transaction. The UOB Structured Deposit: Wealth Deposit - Series (5) (“UOB Wealth Deposit - Series (5)”) is not a conventional deposit as it has risk and investment elements, and returns may vary. Any principal guaranteed will only apply if the whole Deposit Amount is held until the Final Maturity Date or Early Redemption by UOB (whichever is earlier). The UOB Wealth Deposit - Series (5) may not be withdrawn before the Final Maturity Date or before Early Redemption by UOB (whichever is earlier) without consent from UOB. If Early Redemption by UOB does not occur, the maximum Tenor is 6 years. In the event that UOB allows you to withdraw the structured deposit before the Final Maturity Date or Early Redemption by UOB (whichever is earlier), you shall be liable to indemnify UOB for any loss, costs, charges and/or expenses referable to such early termination as incurred by UOB (including those in relation to UOB’s unwinding or termination of its hedging and/or funding position) and such other administrative and other charges as UOB may impose. In such instances, you may receive less than your Deposit Amount. You may wish to seek advice from a licensed or an exempt financial adviser before making a commitment to purchase UOB Wealth Deposit - Series (5). In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether UOB Wealth Deposit - Series (5) is suitable for you. Structured deposits are not insured deposits for the purposes of the Deposit Insurance Act 2005 (No. 31 of 2005).
Monitor the performance of your structured deposit at
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