Reset Rate: UST 5 Year + Initial Margin (2.143%)
Bail-in
Write-Downs and Write-Ups of the Notes
Going Concern Write-Down upon a Capital Ratio Event
If a Capital Ratio Event occurs, the notes will be subject to a Going Concern Write-Down (as defined below) on the relevant Going Concern Write-Down Date (as defined below) automatically and without any additional action by us, the trustee, the agents or the holders or beneficial owners of the notes.
Upon the occurrence of a Capital Ratio Event, the following will occur on the relevant Going Concern Write-Down Date:
(i) the Current Principal Amount of the notes will be written down by an amount equal to the relevant Going Concern Write-Down Amount (as defined below);
(ii) we will be discharged and released from any and all of our obligations with respect to the payment of the Current Principal Amount of or interest on the notes (including additional amounts with respect thereto, if any) to the extent related to the relevant Going Concern Write-Down Amount, except for payments of principal or interest (including additional amounts with respect thereto, if any) that have become due and payable prior to the occurrence of the Capital Ratio Event and remain unpaid; and
(iii) each of the holders and beneficial owners of the notes will be deemed to have irrevocably waived its right to claim or receive, and will not have any rights against us with respect to, and cannot instruct the trustee to enforce, the payment of principal of the notes to the extent related to the relevant Going Concern Write-Down Amount or interest thereon (including additional amounts with respect thereto, if any), except for any payments of principal or interest (including additional amounts with respect thereto, if any) that have become due and payable prior to the occurrence of the Capital Ratio Event and remain unpaid
(together, items (i) – (iii) describing a “Going Concern Write-Down”).
Going Concern Write-down Upon a Capital Ratio Event
A “Capital Ratio Event” for purposes of the notes will be deemed to have occurred if we publicly announce (including without limitation byway of a public announcement made in accordance with applicable law or the rules of a relevant securities exchange) that our Consolidated Common Equity Tier 1 Capital Ratio (as defined in “Description of the Notes—Definitions”), calculated by us pursuant to the Applicable Capital Adequacy Regulations as of a Quarterly Financial Period End Date (as defined in “Description of the Notes—Definitions”) or any other date, has fallen below 5.125%, except where, prior to such public announcement, we submit a plan to the FSA under which our Consolidated Common Equity Tier 1 Capital Ratio is expected to increase above 5.125% in the absence of a Going Concern Write-Down of the notes, and the FSA approves such plan.
Write-Down and Cancellation upon a Non-Viability Event or Bankruptcy Event
If a Non-Viability Event or Bankruptcy Event occurs, the notes will be subject to a Write-Down and Cancellation on the relevant Write-Down and Cancellation Date (as defined in “Description of the Notes—Write-Downs and Write-Ups of the Notes—Write-Down and Cancellation upon a Non-Viability Event or Bankruptcy Event”) upon the occurrence of the Non-Viability Event, or immediately upon the occurrence of the Bankruptcy Event, automatically and without any additional action by us, the trustee, the agents or the holders or beneficial owners of the notes.
There are no credit rating changes for this bond for the past 3 years.
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Remark
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- ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
- T = Transaction Date
The Order processing time refers to the order completion and reflected in your account.
^The Purchase date will be based on T date
- For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
- Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.
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- Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.
- 2036DecCouponUSD 6,950.00Early RedemptionUSD 200,000.00
- JunCouponUSD 6,950.00
- 2035DecCouponUSD 6,950.00
- JunCouponUSD 6,950.00
- 2034DecCouponUSD 6,950.00

