Merrill offers weather boost
Merrill Lynch in Singapore has launched the Citrine All Weather Booster Notes, which are designed to offer exposure to the stock of five Singapore-based companies.
The three-year 100% principal protected notes, which are denominated in both Singapore and US dollars, offer a 3% pa (SG$) and 4% pa (US$) quarterly fixed coupon. The notes also offer an equity-linked coupon every year which are dependent on the range-bound performance of a basket of stocks comprising City Developments, DBS Group, Keppel Corp, Oversea-Chinese Banking Corp and Singapore Telecoms.
The range-bound performance is linked to the number of exchange business days on which the closing
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