1 Note: Product terms and conditions apply. Please refer to the Indicative Term Sheet for more details including the actual dates and pre-specified dates (including the Initial Observation Date, Final Observation Date and relevant Interest Payment Dates). All undefined capitalised terms shall have the meaning given to them in the Indicative Term Sheet. A copy of the Indicative Term Sheet is available at the point of sale or at any United Overseas Bank Limited ("UOB") branch.
2Unlike traditional deposits, structured deposits have risk and investment elements, and returns may vary.
Important - Please note:
The above is for general information 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 amount placed in the structured deposit is principal guaranteed only if held until the maturity date. The structured deposit may not be withdrawn before the maturity date without express consent from UOB. In the event that UOB allows you to withdraw the structured deposit before the maturity date, 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 principal amount. You may wish to seek advice from a licensed or an exempt financial adviser before making a commitment to purchase the structured deposit. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should consider carefully whether the structured deposit is suitable for you.
Unlike traditional deposits, the structured deposit has risk and investment elements and is not an insured deposit within the meaning of the Deposit Insurance Act (Cap 77A).
In addition, structured deposits are not fixed deposits and are not covered under the Singapore Government's guarantee on all Singapore Dollar and foreign currency deposits of individual and non-bank customers in banks, finance companies and merchant banks licensed by the Monetary Authority of Singapore (which is in effect until 31 December 2010).
3 UOB MaxiYield is not a fixed deposit. This is an investment with an embedded option which you have sold to the Bank. In the event that the Bank chooses to exercise the option, the value of your investment in the Base Currency will be converted into the Alternate Currency, regardless of whether you wish to be paid in this currency at that time. If the prevailing exchange rate moves against your favour, the value of your redemption amount at maturity may be less than your principal investment amount when converted into the Base Currency at the prevailing market rate.
UOB MaxiYield is a Dual Currency Investment. It is subject to foreign exchange fluctuations which may affect the return of your investment. You may therefore incur a loss on your principal sum in comparison with the base amount initially invested. Exchange controls may also apply from time to time to certain foreign currencies. Such exchange controls imposed by the home country of that foreign currency may affect the convertibility or transferability of that currency.
You should determine whether any Foreign Currency investment is suitable for you in light of your investment needs, goals, objectives and risk appetite. You should also consider your financial needs and your risk profile prior to making any investment decisions. You may wish to seek advice from a licensed or exempt financial adviser before making a commitment to purchase the product. In the event that you choose not to have a licensed or exempt financial adviser, you should consider whether the product in question is suitable for you. UOB MaxiYield will be governed by the MaxiYield Facility Agreement and the related Confirmation Note as agreed between you and the Bank. You should also note that UOB MaxiYield is an investment product that is required to be held till maturity. Unless the Bank otherwise agrees, the investment amount cannot be withdrawn by the investor, whether partially or in whole, prior to its maturity. In the event the Bank allows early withdrawal by the investor, the Bank shall be entitled to deduct from the investment amount, any loss, costs, charge and/or expenses as incurred by the Bank (including those in relation to the Bank's unwinding or termination of its hedging and/or funding position) and similar administrative and other charges as the Bank may impose. In such circumstances, you may receive less than the principal investment amount.