The investment is purchased below 100 percent of notional, and the return at maturity reflects the accretion from discount to par.
Investors can pick the underlying asset from eligible ASX or US listed equities, ETFs or major indices, and set the strike level and investment term.
The redemption value is determined mechanically by the relationship between the final level of the underlying and the strike.
Settlement can occur in cash or through delivery of shares, as specified in the Information Memorandum (IM) and Term Sheet.
Available exclusively to Wholesale Clients as defined under section 761G of the Corporations Act.
Select from eligible ASX or US listed equities, ETFs or major equity indices.
Agree the notional amount, strike level and investment term. The investment is then issued at a discounted purchase price, which creates a pre determined return if held to maturity.
The investor receives 100 percent of notional, in cash or shares in line with the IM and Term Sheet.
The investor receives a fixed number of shares: Units delivered = Notional ÷ Strike
The investor receives the cash value of the same share quantity: Cash received = (Notional ÷ Strike) × Final Level
This represents the market value of the shares at maturity, paid in cash instead of physical delivery.
Return is generated through discounted purchase pricing, rather than through coupons or periodic interest.
Allows investors to implement a short term view on specific equities, sectors or indices without purchasing the underlying directly.
Suits neutral to moderately bullish expectations on the underlying over a defined term.
Provides a clear, transparent payoff structure with simple, mechanical outcomes.
This investment is not capital protected. If the underlying finishes below the strike at maturity, the redemption value may be less than the initial amount invested, and settlement may occur in shares rather than cash.
This product is intended only for Wholesale Clients who understand equity linked and structured investments and who have the capacity to bear potential capital loss.
Investors should review the Information Memorandum (IM) and Term Sheet in full, and obtain independent financial, tax and legal advice before entering into any transaction.
