MaxiYield

MaxiYield¹ is a foreign exchange-linked structured product, sometimes also known as a Dual Currency Investment.

If you are neutral to holding two or more currencies or holding a currency that may be weakening against another currency, this is an opportunity for you to potentially receive a higher interest rate. UOB MaxiYield can potentially offer you an opportunity of getting your money back in the Base Currency with potentially higher yield.

MaxiYield has the following characteristics:

Yields that are potentially higher than normal fixed deposits¹;
An opportunity to capitalise on foreign exchange movements;
The freedom to choose your currency pairs from a wide range of currencies: Euro, Sterling Pound, Australian Dollar, New Zealand Dollar, US Dollar, Canadian Dollar, Swiss Franc, Japanese Yen and Singapore Dollar;
Principal and the enhanced interest amount of the investment is paid on maturity date either in the Base Currency or Alternate Currency (converted using the strike price) - whichever is the weaker currency¹; and
Tenor ranges from one week to one year.

¹ 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.