SocGen backing the return of credit

The five-year notes, which are solely distributed by Standard Chartered Bank, offer the potential to receive a return of 16.5% (3.3% a year, payable semi-annually) and a 100% redemption price provided no credit event, no early redemption event and no exercise of the issuers’ call option occur during the product tenor. The issuer may redeem the notes at its sole discretion every six months at 103% of the principal amount plus accrued coupon up to the relevant interest payment date.

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