Currency Linked Structured Investment Product - Bullish / Bearish Performance with Barrier

You will receive 100% of the Principal Amount plus any Interest Amount in the Investment Currency on the Maturity Date depending on the performance of the Linked Currency Pair:

In the case of Bullish Investment, if the Spot Rate is at all times less than the Barrier Rate during the Monitoring Period and the Final Rate of Exchange is greater than the Strike Rate, Interest Amount will be calculated by reference to Minimum Interest Rate plus Performance Rate. Otherwise, you will receive Interest Amount calculated by reference to Minimum Interest Rate.

In the case of Bearish Investment, if the Spot Rate at all times greater than the Barrier Rate during the Monitoring Period and the Final Rate of Exchange is less than the Strike Rate, Interest Amount will be calculated by reference to Minimum Interest Rate plus Performance Rate. Otherwise, you will receive Interest Amount calculated by reference to Minimum Interest Rate.

Highlights

Grow your wealth and receive a higher interest rate than the regular deposit rate while subject to a higher risk

Choose from a wide selection of investment currencies

Enjoy a more personalised investment experience by tailoring your choice of linked currency pair, strike rates and tenor

You will receive your interest and 100% principal amount on the maturity date if there is no Alternate Currency Event Designation by the Bank. If an Alternative Currency Event happens or the Bank becomes insolvent or defaults on its obligations, you may not get back anything and suffer total loss of your principal amount.

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Illustration example
Trade Date	27-Feb-2023
Value Date	1-Mar-2023
Determination Date	30-Aug-2023
Maturity Date	1-Sep-2023
Investment Amount	HKD
Linked Currency	USD/JPY
Bullish/Bearish	Bearish Investment
Tenor	184-day
Strike Rate	136
Barrier Rate	125
Participation Ratio (%)	40%
Min Interest Rate (%)	1%
Risk Rating: 1

Rationale

Min 100% Principal Redemption at Maturity with Min Assured Coupon.
Client takes a moderately bearish view on Linked Currency, enjoying additional conditional participation coupon if the view aligns with the market movement.
The trade offers a Capital Preservation and is suitable for conservative clients.
USD/JPY is likely to have more downside than upside in the near term as the market is expecting some policy change from Bank of Japan and it may take some time for the traders to further price out Fed rate cuts in 2H 2023.
These notes allow clients to monetise the front-end of the curve which has factored in a fair amount of tightening.
Worst case coupon floored at 2% p.a. flat.

Please get in touch with your Relationship Manager for the latest prices!

All Pricing shown is purely indicative.

Click to learn more (illustration 2)

Illustration example
Trade Date	1-Mar-2023
Value Date	3-Mar-2023
Determination Date	1-Sep-2023
Maturity Date	5-Sep-2023
Investment Amount	HKD
Linked Currency	EUR/USD
Bullish/Bearish	Bullish Investment
Tenor	186-day
Strike Rate	1.05
Barrier Rate	1.11
Participation Ratio (%)	50%
Min Interest Rate (%)	1%
Risk Rating: 1

Rationale

Min 100% Principal Redemption at Maturity with Min Assured Coupon.
Client takes a moderately bullish view on Linked Currency, enjoying additional conditional participation coupon if the view aligns with the market movement.
The trade offers a Capital Preservation and is suitable for conservative clients.
Worst case coupon floored at 2% p.a. flat.

Please get in touch with your Relationship Manager for the latest prices!

All Pricing shown is purely indicative.

Please refer to the product offering documents for detailed product terms, information and risks.To understand more, please contact your DBS Treasures Relationship Manager or visit any of our branches.

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Important Facts

Risk Disclosures and Important NoticeCurrency Linked Structured Investment Product - Bullish / Bearish Performance with Barrier ("the Product") is a structured product involving derivatives ("the Product"). The investment decision is yours but you should not invest in the Product unless DBS Bank (Hong Kong) Limited (星展銀行(香港)有限公司) (“the Bank”) who sells the Product to you has explained to you that the Product is suitable for you having regard to your financial situation, investment experience and investment objectives.Investment involves risks. It does not constitute any offer or solicitation of offer to subscribe, transact or redeem any investment product. Past performances are not indicative of future performances. You should carefully read the product offering documentation, the account terms and conditions and the product terms and conditions for detailed product information and risk factors prior to making any investment. If you have any doubt on this material or any product offering documentation, you should seek independent professional advice.The Product is unlisted and no early uplift, early withdrawal or early termination by investors is permitted. The investor has to maintain the Product with the Bank up to the Maturity Date. The investment is subject to the credit and insolvency risks of the issuer. Investing in the Product is not the same as investing in its reference assets.Foreign exchange involves risks. Customers should note that foreign exchange may incur loss due to the fluctuation of exchange rate.RMB currently may not be freely convertible and is subject to exchange controls and restrictions. There is no guarantee that RMB will not depreciate. If you convert Hong Kong Dollar or any other currency into RMB so as to invest in a RMB product and subsequently convert the RMB sale proceeds back into Hong Kong Dollar or any other currency, you may suffer a loss if RMB depreciates against Hong Kong Dollar or other currency.The Product is not principal protected, customer could lose the entire principal amount in the worst case scenario. The Product carries risks not normally associated with ordinary bank deposits, and is NOT equivalent to a time deposit. You should therefore not treat the Product as a substitute for ordinary savings or time deposits. The Product is NOT a protected deposit and is NOT protected by the Deposit Protection Scheme in Hong Kong.

Currency Linked Structured Investment Product - Bullish / Bearish Performance with Barrier

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Illustration example

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