The Investment is held to Maturity Date and;

Knock Out Event had not occur and;

Final Price close at or above the Strike Price.

On Maturity Date, Customer will receive Final Redemption Amount of:

= Principal Amount + Interest Amount for that month

= MYR100,000 + (MYR100,000 x 10.00% x 1 / 12)

= MYR100,000 + MYR833.34

(Total Interest Amount received during Investment Tenure)

= MYR100,000 x 10.00% x 6 / 12

= MYR5,000 (6 months Interest Amount)

Knock Out Event had occurred before Maturity Date

The Investment will be early terminated on the corresponding Payment Date and Customer  will receive the following Knock Out Amount:

= Principal Amount + Interest Amount for that month

= MYR100,000 + (MYR100,000 x 10.00% x 1 / 12)

= MYR100,000 + MYR833.34

(Total Interest Amount received during Investment Tenure)

= MYR100,000 x 10.00% x  3 / 12

= MYR2,500.00  (3 months Interest Amount)

Underlying share price move below Strike Price prior to maturity but Final Price close above Strike Price on Final Fixing Date.

Customer will receive similar Payout as Analysis #1. Even though the price of underlying shares has dropped below Strike Price during Investment Tenure, it will not be converted into shares if the price of underlying shares subsequently appreciates and closed at or above Strike Price on Final Fixing Date.

If the Investment is held to Maturity Date and;

No Knock Out Event had occurred and;

Final Price close below the Strike Price,

On Maturity Date, Customer will receive underlying Company XYZ shares & Interest for that month:

= Company XYZ shares + Interest Amount for that month

= MYR100,000 / (4.25 x 8.00) + (MYR100,000 x 10.00% x 1 / 12)

= 2,941 Shares + MYR833.34

Plus the Residual Amount due to residual shares being rounded down

= 0.1765 x 4.25 x 8.00

= MYR6.00

(Total Interest Amount received during Investment Tenure)

= MYR100,000 x 10.00% x 6 / 12

= MYR5,000 (6 months Interest Amount)

• The Investment is NOT principal-protected and the Customer risks losing part or ALL of the principal amount invested. The investment performance is calculated based on the performance of an equity, which may fluctuate against factors and/or events including general financial, economic and political climate
• In the event of an early withdrawal, you may incur costs which could result in losing part or all of the principal amount invested
  

Eligibility

• HLB Priority Banking and Private Banking customers only
• Qualify as an eligible investor within the meaning of Schedules 6 and 7 of the CMSA 2007 as amended from time to time
• Subject to HLB risk-profiling and customer investment suitability assessment
• Minimum investment of RM 50,000 or as stated in Terms and Conditions

Who is this product suitable for?

Customers who

• Hold the view that the Underlying Share price will stay below the Barrier Price and above the Strike Price during the Investment Period of this Investment;
• Understand that this Investment will be early terminated upon the occurrence of a Knock Out Event;
• Understand that the Interest Amount will be paid on scheduled Payment Dates and is subject to the occurrence of a Knock Out Event ;
• Are comfortable with the Investment Period of this Investment, and will not withdraw this Investment prior to its maturity; and
• Understand that the Principal Amount is not protected in the event of an Early Withdrawal by the Customer. 

Quotes are valid for trade till: 02 February 2024
Quotes are refreshed tentatively on weekly basis.

Disclaimer: Rates are subject to change without prior notice.

The content of this webpage is for discussion purpose only and is subject to the final expression of the terms of the product set forth in the definitive agreement and/or confirmation, and should not be construed as an offer, recommendation or solicitation to enter into or conclude any investment and should not be treated as giving investment or hedging advice. Hong Leong Bank Berhad (“the Bank”) is not acting as the reader’s adviser or in a fiduciary capacity in respect of this proposed product or any other product unless otherwise specifically agreed in writing and accepts no liability whatsoever with respect to the use of this document or its contents.

The Customer and/or through their professional advisers should assess various risks in respect of the product and consider related issues thereof which include but not limited to legal, tax, regulatory, financial and accounting issues prior to purchasing the product. The decision of purchasing the product shall be based solely on the Customer’s judgment and/or advice of their professional advisers. Product Highlights Sheet (“PHS”) is available and investors have the right to request for a PHS; and the PHS and any other product disclosure document should be read and understood before making any investment decision. You are advised to read the Term Sheet and Risk Disclosure Statement for detailed terms, conditions applicable and risks of investing in this product.

The information contained in this document is strictly confidential and is for information of the intended recipient(s) only. The information may not be reproduced, redistributed or transmitted, directly or indirectly by any means to any other person or published electronically or via print, in whole or in part, for any purpose without our prior written permission. When no longer needed, it should be immediately deleted from all electronic storage devices and/or any other retrieval system of any nature and any hardcopies made should be destroyed. The intellectual property in the presentation belongs to Hong Leong Bank Berhad unless specifically indicated otherwise.

You are not covered by the compensation fund under section 152 of the Capital Markets and Services Act 2007 (CMSA). This compensation fund does not extend to you if you suffer monetary loss as a result of a defalcation, or fraudulent misuse of moneys or other property, by a director, officer, employee or representative of Hong Leong Bank Berhad ("HLB").

WARNING: THE RETURNS ON STRUCTURED PRODUCT INVESTMENT WILL BE AFFECTED BY THE PERFORMANCE OF THE UNDERLYING ASSET/REFERENCE, AND THE RECOVERY OF YOUR PRINCIPAL MAY BE JEOPARDISED IF YOU MAKE AN EARLY REDEMPTION. THIS INVESTMENT IS NOT PROTECTED BY PERBADANAN INSURANS DEPOSIT MALAYSIA (PIDM).