SG Excels with ETFs

The one-year, non-principal protected note is linked to a basket of ETFs comprising the Tracker Fund of Hong Kong, the iShares FTSE/Xinhua A50 China Tracker and the Hang Seng H-Share Index ETF. The note offers a possible automatic early redemption feature if on any valuation date, excluding the final date, the closing price of each unit in each underlying fund is at or above its callable price. The notes will redeem 100% of the principal amount together with a coupon. The callable price of each

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