UOB MaxiYield is not a fixed deposit. This is an investment with an embedded option which you have sold to the Bank. In the event that the Bank chooses to exercise the option, the value of your investment in the Base Currency will be converted into the Alternate Currency, regardless of whether you wish to be paid in this currency at that time. If the prevailing exchange rate moves against your favour, the value of your redemption amount at maturity may be less than your principal investment amount when converted into the Base Currency at the prevailing market rate.
UOB MaxiYield is a Dual Currency Investment. It is subject to foreign exchange fluctuations which may affect the return of your investment. You may therefore incur a loss on your principal sum in comparison with the base amount initially invested. Exchange controls may also apply from time to time to certain foreign currencies. Such exchange controls imposed by the home country of that foreign currency may affect the convertibility or transferability of that currency.
You should determine whether any Foreign Currency investment is suitable for you in light of your investment goals and objectives. You should also consider your financial needs and your risk profile prior to making any investment decisions. You may wish to seek advice from a financial adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. UOB MaxiYield will be governed by the MaxiYield Facility Agreement and the related Confirmation Note as agreed between you and the Bank. You should also note that UOB MaxiYield is an investment product that should be held to maturity. Unless the Bank otherwise agrees, the investment amount cannot be withdrawn by the investor, whether partially or in whole, prior to its maturity. In the event the Bank allows early withdrawal by the investor, the Bank shall be entitled to deduct from the investment amount, any loss, costs, charge and/or expenses as incurred by the Bank (including those in relation to the Bank’s unwinding or termination of its hedging and/or funding position) and similar administrative and other charges as the Bank may impose. In such circumstances, you may receive less than the principal investment amount.