Societe Generale announces today the launch of a new series of Structured Certificates (SCs) linked to US equity stocks on the SGX Securities market (SGX-ST), making Societe Generale the first issuer group in Asia to offer investors such a yield enhancement structured product that will be available for trading during Asian hours.
The new SCs will consist of US stocks including a selection of the Magnificent Seven stocks, such as Nvidia and Tesla, and are linked to US underlyings. They will be listed on the SGX-ST from 2 December 2024. The certificates are linked to single US stocks for a 1-year maturity period, with the original amount invested at risk. The certificates are not deposits placed with Societe Generale.
Investors can potentially enjoy regular distribution payments at a defined rate and receive the original amount invested at maturity, subject to certain conditions on the underlying stock price movement. In addition, if the underlying stock rises above a certain upper threshold, the certificate will be early redeemed by the issuer and if it falls below a certain lower threshold, investors can potentially elect to receive physical delivery of the underlying shares at expiry. By listing the certificates on the SGX-ST, Societe Generale aims to provide better price transparency, liquidity for these structured products, and greater accessibility for eligible investors.
The SCs are classified as a Specified Investment Product (SIP); hence investors should possess either a high level of investment knowledge or experience before transacting in the certificates.
