Structured Investment Deposit (SID) - Dual Currency Deposit

How it works...

A short tenor deposit linked to your chosen cross currency pair.
Principal and high interest will be repaid in either the deposit or linked currency, determined by comparing the exchange rate upon fixing with the pre-set conversion rate.

Deposit currency	New Zealand dollar (NZD)
Linked currency	EURO dollar
Deposit period	1 month
Linked exchange rate	NZD/EUR
Spot exchange rate	NZD1 = EUR1.8189
Conversion rate	NZD1 = EUR1.8139
Interest rate	14.96%p.a.
Fixing date and fixing time	2 Hong Kong, Target & Wellington business days before maturity date, 2pm (Hong Kong time)
Upon maturity	If NZD / EUR at the fixing time on the fixing date is at or below 1.8139, the principal and interest would be paid in NZD. If NZD / EUR at the fixing time on the fixing date is above 1.8139, the principal and interest would be converted to EUR at the conversion rate (1.8139) and paid in EUR.