Step-Up Fixed Rate Callable Notes (06738K3Z2)

This is an income product linked to an interest rate.The product offers a monthly coupon of 3.25% pa paid for the first 3 years, and is then increased to 4% pa, 5% pa and 6% pa subsequently.This product can be terminated early by the issuer at any annual date after the first year of investment, for a payout of 100%.At maturity the product offers a 100% capital return.

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