UBS plans to sell reverse convertible-style structured products to Hong Kong investors, according to documents filed with the regulator.
An information memorandum, a term sheet and a product booklet for Non-Capital Protected Unlisted UBS Bull Equity Linked Investments Linked to a Single Security have been authorised this week by the Securities & Futures Commission. Full details of the product terms have yet to be finalised, however.
The bank has not begun to sell the products yet as it is still in talks with distributors, a source told SRP.
This product will appear shortly in Recent Additions (Hong Kong).