Singapore's OCBC Bank is offering its first tranche product since September last year.
The 3.5-year SGD Equity-Linked Structured Deposit product is linked to three local shares: Singapore Press, Singapore Telecommunications, and Singapore Technologies Engineering.
The fully capital-protected deposit pays a 2% annualised coupon for the first quarter in years one and two. At maturity, investors receive a coupon equal to 12% plus the sum of the worst six-monthly performances throughout the term. No negative coupons are attributable.
The product will be offered until 6 March.
This product is available in Recent Additions (Singapore).