Equity Linked Notes (ELN)
Enhance Your Investment for Strategic Returns
A wide selection of underlying stocks from the SET50 index is available
Maturity period of only 1–3 months
High returns of 5–30% per year
Choose partial principal protection
Utilize as a tool to acquire stocks at the preferred price.
Investment Conditions
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Investors must meet the criteria of “High Net-Worth Individuals” as defined by the SEC.
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Minimum investment of 1 million THB (1 unit), with increments of 1 million THB.
Product Features
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This type of derivative bond is a debt instrument that provides returns in the form of Yield or Discount, through investment at a discounted price from the face value of the bond.
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The principal repayment depends on the instrument's conditions, which are linked to the price of the underlying asset.
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Upon maturity, investors may receive either the face value of the bond or the underlying asset as specified in the instrument’s terms.
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This instrument allows investors to design whether to have partial principal protection (Principal Protected) or no principal protection (Non-Principal Protected).
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This instrument is suitable for investors who can tolerate the risk associated with the underlying asset.
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The underlying asset includes stocks in the SET50 index.
Example of Return Payment
Case 1: Receive the Face Value
Case 2: Receive the Underlying Stock
Case 3: Receive the Underlying Stock
Risks and special features of instruments
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Investing in bonds with embedded derivatives is not a “deposit” and is therefore not protected by the Deposit Protection Agency.
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Investing in complex, high-risk products in the capital market, which have reference factors different from directly investing in the underlying assets, may lead to price fluctuations in the capital market products that differ from the underlying reference price.
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Bonds with embedded derivatives are complex instruments that carry higher risk than regular bonds, as they combine both debt securities and derivatives.
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Risk from the reference factors: Such risks include unpredictable situations of the reference factor, changes in policies related to the reference factor, mergers and acquisitions, and structural changes that may affect the reference price.
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Credit Risk: The risk that the issuer of the bond with embedded derivatives may not be able to fully repay the principal and yield on time, and/or may fail to deliver the agreed-upon reference factor or comply with the terms of the bonds.
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Furthermore, investors face the risk of losing part or all of their investment if the bond with embedded derivatives does not provide principal protection or provides principal protection of less than 100% of the investment. Therefore, investors must carefully study and understand the details before making an investment decision.
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Investors cannot transfer ownership of the securities except by inheritance or court order.
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These instruments have low liquidity. Investors may not be able to sell the bond with embedded derivatives back to the issuer immediately or at the desired price.
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Investors may redeem the bond with embedded derivatives before the maturity date (which may result in lower returns than holding the instrument until maturity).
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The credit rating of the issuer of bonds with embedded derivatives is only supplementary information for investment decisions and does not guarantee the ability of the issuer to repay the bond. Investors should carefully study and monitor information about the issuer of these bonds.
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Investors are advised to seek additional advice from investment advisors before making any investment decisions.
Steps to Complete the Transaction
For more information, please contact your investment advisor.
Or contact 02-2057000 ext. 7047, 8030 Investment involves risks. Investors should understand the product features, return conditions, or risks before making investment decisions
