This is prepared for general information only and does not have any regard to the specific investment objective, financial situation and particular needs of any specific person who may receive this document.
UOB MaxiYield is a Dual Currency Investment which has risk and investment elements, is not a fixed deposit and it is also not an insured deposit within the meaning of the Deposit Insurance Act (Cap 77A).
This investment product offers premium interest rates as may be agreed between you and United Overseas Bank Limited (“UOB”) with an embedded option granted by you to UOB. In the event that UOB exercises the said 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. The value of your redemption amount at maturity may be less than your principal investment amount on conversion if the prevailing exchange rate moves against your favour.
Exchange controls may also apply from time to time for certain foreign currencies that may affect the convertibility or transferability of that currency. It is advisable for you to seek advice from a licensed or an exempt financial adviser before making a commitment to purchase the product. In the event that you choose not to have a licensed or an exempt financial adviser, you should consider carefully whether the product is suitable for you in light of your financial needs, investment goals and objectives and risk appetite.
UOB MaxiYield is an investment product that requires you to hold the product to maturity with a right given to UOB to terminate prematurely upon occurrence of certain Extraordinary Events stipulated in the MaxiYield Facility Agreement. Unless UOB otherwise agrees, the investment amount cannot be withdrawn by you, whether partially or in whole, prior to its maturity. If UOB allows for any early withdrawal, UOB shall be entitled to deduct from the investment amount, any loss, costs, charges and/ or expenses incurred by UOB (including but without limiting 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 the principal investment amount.
The UOB MaxiYield will be governed by the MaxiYield Facility Agreement, and the related Confirmation Note as agreed between you and UOB. If there is any inconsistency or difference between the English version of the contents of this brochure and any translation of the contents of this brochure, the English version of the contents of this brochure shall apply and prevail. UOB reserves the right to change the terms contained in this brochure at anytime and from time to time at its discretion without having to give prior notice or any reason or be liable to any party arising from the said changes.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
