DBS Online Equity Linked Investments

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What are Equity Linked Investments?Equity Linked Investments (ELIs) are structured investment products that offer potential returns based on the performance of the underlying stock(s). DBS' ELIs cover Hong Kong and US stocks. You may choose ELIs that are linked to a single stock or a basket of stocks, and denominated in one of the major currencies. Some ELIs offer capital protection at maturity, so that you are guaranteed to receive 100% of the principal amount at maturity.

Key features :

Wide coverage of stocks and ETFs in Hong Kong and US markets
You may choose ELI linked to a single stock/REIT/ETF or a basket of specific stocks/REITs/ETFs

100% capital protection at maturity (applicable to some ELIs)
Some ELIs have a minimum redemption level at 100%

Flexible investment period from 1 to 11 months, with some ELIs having a callable feature
Callable feature: The Issuer will early terminate the ELI if callable condition is satisfied and you will get back the principal amount and potential return before maturity

Knock-in feature (applicable to some ELIs)
The knock-in price is usually lower than the strike price of the linked stock(s). If the knock-in event has not occurred, you can receive the principal amount and potential return at maturity so as to soften negative market impacts.

Denominated in major currencies including HKD, RMB, USD, AUD, EUR
Invest in ELIs with HKD, RMB, USD, AUD, EUR, GBP, CHF, NZD, CAD, SGD or JPY

Online ELIsLooking to enhance your investment portfolio with flexible, tailored opportunities? Our online platform makes investing in ELIs easier and more accessible than ever, and allows you to trade beyond normal branch hours^*. You may now tailor your Online ELI or select the Featured ELIs offered by DBS via our Online ELI platform.

Tailor Made Online ELI

Featured ELI offered by DBS

Subscription amount^{^}

Minimum of HK$400,000

Minimum of HK$100,000

Underlying

Select on your own

Offered by DBS

Where to subscribe?

Through Online ELI platform

^{^}Please refer to Frequently Asked Questions for the minimum subscription amount of respective trading currency.Watch this video to learn how you can start investing in ELIs online:Note: When you click on any hyperlink, you will be leaving DBS HK website. The hyperlinks will direct you to other websites on the Internet including YouTube. Websites accessed through the hyperlink are not related to DBS HK and we are not responsible for the content or liable for your use of the external websites.

^*For ELIs linked to US stocks, online service hours will be available from Hong Kong Time (HKT) 9am till HKT 7pm on US trading days . For ELIs linked to HK stocks, online service hours will be from HKT 9am till HKT 3:45pm on HK trading days. Please note the Featured Online ELI offered by DBS will be available from Monday to Friday excluding HK public holidays. Please refer to Frequently Asked Questions for more information.

Return under different scenariosScenario (1): Early RedemptionEarly redemption happens if the closing price of the reference assets is at or above the call price on any given day from the end of the first observation period until the day before the final fixing date.What does it mean?
You’ll receive potential cash dividend on each payment date until early redemption occurs. If it occurs, you’ll get your full investment along with any accrued but unpaid potential cash dividend up to the early redemption date.Scenario (2): Cash SettlementIf early redemption doesn’t occur before the final fixing date, you’ll have cash settlement payout on the expiry date if the closing price of the reference asset is at or above the exercise price on the final fixing date.What does it mean?
You’ll receive your full investment along with any accrued but unpaid potential cash dividend.Scenario (3): Physical SettlementIf early redemption doesn’t occur before the final fixing date, you’ll have physical settlement payout on the expiry date if the closing price of the reference asset is below the exercise price on the final fixing date.What does it mean?
You’ll receive the reference asset at the exercise price along with any accrued but unpaid potential cash dividend.Scenario (4): Worst Case Scenario In a falling market, you may receive the reference asset at the exercise price and suffer a mark-to-market loss as the market value of the reference asset is less than your initial investment.

If the market price of the reference asset drops to zero, it will lead to the worst-case scenario.

Also, if the issuer defaults, it will lead to the worst-case scenario.What does it mean?
In the worst-case scenario, you’ll lose your entire investment.The above example is for illustration purpose only and actual performance of the ELI may vary from the example shown. The above scenarios refer to non-principal protected ELIs linked to a single stock . The example should not be relied on as an indication of actual performance of the reference asset or the total payout of the Products. It does not take into account any expense payable by the investor.

Latest Promotion

DBS customers can enjoy fabulous offers by subscribing to selected investment products now.
Please refer to Promotions | DBS Treasures for details.
Terms and conditions apply.

Contact your Relationship Manager or visit our branch to understand more.

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Frequently Asked Questions

What is Customised Online ELI?

With customised ELI, you create your own ELI by selecting parameters based on your investment preference including the underlying to invest in, trading currency, terms etc. This can be accessed via our Online ELI platform. Click here to learn more on how to build your own ELI.

What is Featured Online ELI offered by DBS?

Featured ELI offered by DBS refers to the ELIs available in the ELI Product section of our Online ELI platform. You may browse the terms of the ELI available in the section including the underlying, strike price, coupon.
The ELI Products in the section will be updated regularly. Click here to learn more.

What are the trading hours for subscribing to ELIs?

	Branch	Online
ELIs linked to HK stock(s)	9:00 AM to 3:30 PM HKT on bank business days	9:00 AM to 3:45 PM HKT on HK trading days
ELIs linked to US stock(s)	9:00 AM to 5:00 PM HKT on bank business days (except US public holidays)	9:00 AM to 7:00 PM HKT on US trading days Remark: Please note the Featured Online ELI offered by DBS will be available from Monday to Friday excluding HK public holidays.

What are call price, exercise price, and knock-in price?

Terms used by the Bank	Other common names	Description
Call Price	Knock-out Price	A specified percentage of the initial spot price to determine the occurrence of early redemption
Exercise Price	Strike Price	A specified percentage of the initial spot price to determine the settlement upon expiry
Knock-in Price	Airbag Level	A specified percentage of the initial spot price to determine the occurrence of knock-in event It is usually set lower than the exercise price.

Will I be entitled to stock dividends during the ELI investment period if the ELI’s underlying stock distributes dividends?

Investing in an ELI is not the same as buying the underlying stocks. You will not receive dividends from the underlying stock(s) during the ELI investment period.

For basket ELIs, which stock will be used to determine the payoff at maturity?

Payoff at maturity is determined by the worst performing underlying stock, which is the stock with the lowest percentage return. If physical settlement applies, the worst performing underlying stock will be delivered.

What type of account do I need to subscribe to ELIs?

You will need a Wealth Management Account to subscribe to ELIs. Please click here to find out more about our Wealth Management Account.

Are there any special requirements for investing in ELIs linked to US stock(s)?

You must have submitted a valid W-8BEN Form to us before placing an order for any ELI linked to US stocks.

Will I be informed if I place an ELI order or my ELI reaches maturity?

Yes, you will receive timely notification by email, and if you have registered for DBS digibank HK app, you will also receive inbox message in the app.

What is the minimum investment amount for Online ELI?

You may refer to the table below for reference:

	Customised Online ELI		Featured Online ELI offered by DBS in ELI Product section
Currency	Minimum investment amount	Multiply of	Minimum investment amount	Multiply of
HKD	400,000	100,000	100,000	10,000
CNY	400,000	100,000	100,000	10,000
USD	50,000	10,000	10,000	1,000
AUD	50,000	10,000	20,000	1,000
EUR	50,000	10,000	20,000	1,000
GBP	50,000	10,000	20,000	1,000
NZD	50,000	10,000	20,000	1,000
CAD	50,000	10,000	20,000	1,000
SGD	50,000	10,000	20,000	1,000
CHF	50,000	10,000	3,000,000	1,000
JPY	10,000,000	1,000,000	300,000,000	100,000

What shall I do if the quotation on Online ELI cannot be provided?

Quotation is a trial-and-error process. You may first start with a higher call price (e.g. 100%), or a higher knock-in price (e.g. 85%), or a higher exercise price (e.g. 90%), or a lower coupon rate (p.a.) (e.g. 5% p.a.), then progressively adjust towards your desired level to see which is the optimal level that works for you.

What shall I do if I encounter the alert of “Your asset concentration is high” during transaction process of Online ELI?

After selecting a reason from the pull down menu under “What’s your reason for proceeding with this transaction?”, you can proceed with your transaction.

Useful Links

Financial Needs Analysis

Video Training on General Knowledge of Derivatives

Risk Disclosures and Important Notice

Equity-Linked Investments (“the Products”) are structured products involving derivatives and are classified as complex products. You are advised to exercise caution prior to investing. The investment decision is yours but you should not invest in the Products unless DBS Bank (Hong Kong) Limited (“the Bank” or “we”) who sells them to you has explained to you that the Products are suitable for you having regard to your financial situation, investment experience and investment objectives.

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 Products are not principal protected, investors could lose the entire principal amount in the worst case scenario. The Products carry risks not normally associated with ordinary bank deposits, and are NOT equivalent to time deposits. You should not treat the Products as substitutes for ordinary savings or time deposits. The Products are NOT protected deposits and are NOT protected by the Deposit Protection Scheme in Hong Kong.

If a customer is not proficient in English, the customer should consider whether investment in the Products is suitable or not and obtain independent advice, where necessary.

United States Taxation rules are complex and their application may depend on the particular circumstances, including whether customers enter into other transactions with respect to the underlying U.S. stocks. Customers should, prior to the investment in the Products, consult their own tax adviser regarding the application of United States Taxation rules arising from such investment.

Any person considering an investment should seek independent advice on the investment suitability when considered necessary.

Investment involves risks. This website does not constitute any offer or solicitation of offer to subscribe, transact or redeem any investment product. The above information is not and shall not be considered as investment advice. It does not constitute any offer or solicitation of offer to subscribe, transact or redeem any Products. 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 warnings prior to making any investment. If you have any doubt on this material or any offering documentation, you should seek independent professional advice.

The Securities and Futures Commission of Hong Kong (the “SFC”) has authorised the Products and the relevant offering documents of the Products. The SFC's authorisation does not imply official recommendation or endorsement of the Products, nor does it guarantee the commercial merits of the Products or their performance.

Information contained in this website has not been reviewed by the SFC or any regulatory authority in Hong Kong.

This website is provided by DBS Bank (Hong Kong) Limited. The Bank is regulated and authorised to carry out Type 1, Type 2 and Type 4 regulated activities in Hong Kong. The Products represented within this website are intended for Hong Kong investors.

This website is not intended for distribution or use by any person in any country or region where the distribution or use of this material is restricted and would not be permitted by law or regulation. If you are outside of Hong Kong, we may not be authorised to offer or provide you with the Products and services available through this website in the country or region you are located or resident in.

Foreign exchange involves risks. Investors should note that foreign exchange may incur loss due to the fluctuation of exchange rate.

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