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Structured Deposits
 
Structured deposits are offered out of ICICI Bank Singapore and enable you to invest in instruments linked to different asset classes such as interest rates, equities, commodities, forex and credit without directly investing in the underlying assets. Based on your risk appetite, you can invest in structured products that are either principal protected or non-principal protected.

The returns from structured products are potentially higher than a plain vanilla deposit, but are not assured, and depend on the performance of the underlying assets.

 

Interest Rate Linked Structured Products
 

Interest rate linked structured products offer returns linked to movement of interest rates and allow you to benefit from your views on these movements.

A Callable Range Accrual product offers a high coupon for all days on which a specified interest rate benchmark remains within a pre-specified range. A CMS Spread Range Accrual product offers a high coupon on all days on which the difference between a longer tenor rate and a shorter tenor rate is more than zero.

 
 
 

Equity Linked Structured Products
 

Through these, you can take a bullish or a bearish view on a particular stock, basket of stocks, index, and basket of indices. A principal protected Equity Index-linked Note allows you to participate in the performance of an index, while preserving your capital in case of adverse movement of the index.

 
 
 

Commodity Linked Structured Products
 

These provide you with the opportunity to make investments in commodities without taking a direct exposure. A principal-protected Gold-linked Note allows to earn a high rate of interest if gold prices remain within a pre-specified range during the full tenor of the note, failing which you receive only your principal amount back.

 
 
 

Credit Linked Structured Products
 

Credit linked structured products enable you to take a view on the underlying credit risk of one or more entities, and earn potentially higher returns than a bond.

A Callable Credit Linked Note provides you an opportunity to earn a high rate of interest along with full principal if the underlying reference entity does not default. In case of default of the underlying, you would be able to hold the bonds of the underlying entity. First-to-default Basket Credit Linked Note provides you with an opportunity to earn a high rate of interest, provided none of the companies in a pre-defined basket of reference entities default.

 
 
 

Forex Linked Structured Products
 

Forex-linked structured product is a deposit in a particular currency ("Deposit Currency") embedded with a forex option strategy vis-à-vis another currency or a basket of currencies ("Reference Currency"). A Dual Currency Deposit provides a higher interest as long as one chosen currency (Deposit Currency e.g. USD) does not appreciate against another currency (Reference Currency e.g. EUR). A Range Digital Deposit provides a higher interest as long as the exchange rate of a currency pair (e.g. EUR/USD) remains within a pre-specified range for the entire term of the deposit.
 
 
 

Hybrid Structured Products
 

These are a combination of two or more asset classes, and provide you with an opportunity to take views on multiple asset classes. A Perfect Asset Allocation Note is a principal protected note that allows you to participate in a mix of predefined underlying asset classes. At maturity you are allowed to allocate your investment across the underlying asset classes such that you allocate more money to the better performing asset classes and less money to the lower performing asset class.