Structured Products : FB, Yahoo and Apple

[lifeafter41]

Went to the bank to update some details and was approach by the RO/RM asking if interested for some high yield products. Out of curiousity, said yes, and was given the run through on this product.

Details was on FB, Yahoo and apple shares prices where the term "run in" and "run out" was used.
If recall correctly, under Yahoo, if price is above the run out price, ie, US$20, you will be paid the dividend, not sure if it is quarterly or semi annually. However, if it goes below US20, then not sure what happens next, wasn't really paying attention but roughly understand it will affect your principal.

Same goes for FB share and Apple share to trigger.

Payout is quite attractive, if recall correctly, at above 8 to 10%.
Saw on the forms its under UBS name.

Anyway, not really interested as understand the buy in needed is at least 50k or 100k and the payout seems too good to be true.

Any forrumers under what this is? orhave came across it?.

 

[Thick Face Black Heart]

Scary.

The same tricks and games are being played all over again by the banks.

Surely the top is near ...

 

[krafty]

sounds similar to accumulator...

http://en.wikipedia.org/wiki/Accumulator_(structured_product)

 

[Leongsam]

Don't invest in companies belonging to other people because you have no idea what's going on in the company and neither does any financial advisor.

Invest in your own company. It will give you inside information regarding how the company is being run and what direction it is going to take.

 

[Thick Face Black Heart]

Aurvandil any take on this?

 

[laksaboy]

These retail bankers are up to no good again... trying to con you old folks of your money.

Tech is very volatile. Within one quarter, a tech company might go bankrupt, have a major layoff or sell its assets.

If it's too good to be true, it probably is.

 

[lifeafter41]

These retail bankers are up to no good again... trying to con you old folks of your money.

Tech is very volatile. Within one quarter, a tech company might go bankrupt, have a major layoff or sell its assets.

If it's too good to be true, it probably is.

Not so old lah........
At 50k, 100k or more a pop, see very up.

Anyway, my thought is if it's the tech/internet sector in US, better stay away.
Told her, too far away. Only go for local flavor.

Oh, RO/RM is syt though.

 

[laksaboy]

Oh, RO/RM is syt though.

Sex sells. Higher chance to make the chee hong ah peks part with their money.