The new SCs linked to US underlyings will be listed on the SGX-ST from Dec 2.
The certificates are linked to single US stocks for a one-year maturity period, with the original amount invested at risk. The certificates are not deposits placed with Societe Generale.
The release notes that investors can potentially enjoy regular distributions at a defined rate and receive the original amount invested at maturity, subject to certain conditions on the underlying stock price movement.
Additionally, if the underlying stock rises above a certain upper threshold, the certificate will be redeemed by the issuer before its maturity date. If it falls below a certain lower threshold, investors can potentially elect to receive physical delivery of the underlying shares at expiry.
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The range of SCs issued by Societe Generale Group will be launched in regular series and open to eligible investors for subscriptions via distributors including United Overseas Bank (SGX:U11
) (UOB), UOB Kay Hian, Maybank Securities and Phillip Securities.
Serene Cai, head of securities trading at SGX Group says: “The US market is drawing significant investor interest, and we are excited to welcome Societe Generale’s listing of structured certificates linked to the US Magnificent Seven stocks.”
