Mr. Paul Ly <paul_ly_sg@yahoo.com> wishes to contact other investors who have involved in the UOB Structured Notes. Please contact him directly by e-mail.
In July there was one, not Lehman but Merrill Lynch. It is the SGD 3 Year Principal Protected Inflation Theme Fixed Income Note at 3.5% pa.(with upside) and min amount is $200K and promoted to Privilege Banking clients. But it also stated clearly it may involve a high degree of risk. So you see, even for just 3.5% return, it is also so risky. I think a lot of richer folks are also suffering. Anybody care to share on the fate of the above?
I was misled by UOB Relations Manager that this Tranche III note is just like a fixed deposit with little risk involved. The only risk is early termination of notes. I purchased the notes in end July 08 and would like to cancel even with a loss of few thousands. But to my surprise, my Relations Manager left UOB and my new Relations Manager persuaded me not to terminate. Now within 2 months, the marke valuation drops by more than 26k. Can anyone help?
UOB has products linked with lehman??
ReplyDeleteIn July there was one, not Lehman but Merrill Lynch. It is the SGD 3 Year Principal Protected Inflation Theme Fixed Income Note at 3.5% pa.(with upside) and min amount is $200K
ReplyDeleteand promoted to Privilege Banking clients. But it also stated clearly it may involve a high degree of risk.
So you see, even for just 3.5% return, it is also so risky.
I think a lot of richer folks are also suffering. Anybody care to share on the fate of the above?
Yes, at least the Pinnacle Note series 6 & 7 that I know of. Mr. Paul, what is your intention to gather such investors?
ReplyDeleteMr Paul Ly,
ReplyDeleteAre you referring to UOB or UOB Kay Hian (who is a distributor for minibond, Pinnacles and several others)?
I was misled by UOB Relations Manager that this Tranche III note is just like a fixed deposit with little risk involved. The only risk is early termination of notes. I purchased the notes in end July 08 and would like to cancel even with a loss of few thousands. But to my surprise, my Relations Manager left UOB and my new Relations Manager persuaded me not to terminate. Now within 2 months, the marke valuation drops by more than 26k. Can anyone help?
ReplyDelete