Conversation Guide Structured Investment  ·  Bullet EKI  ·  12-Month Tenor
Structured Investment · Bullet EKI

Paid first, risk later.

Receive the full coupon at Month 1. Principal is returned at maturity unless the worst stock closes below 80% — the coupon is yours regardless.

Underlying Basket · Quanto MYR Tenor 12 months Minimum RM 50,000
Coupon
11–15%
Paid upfront at Month 1
Tenor
12 mo
Single maturity
Principal
At risk
Equity risk applies
KO Barrier
102%
Checked monthly M1–M11
Section01What it is

The coupon arrives before the uncertainty does.

"Bullet" means the entire coupon is paid as a single lump sum at the end of Month 1 — like collecting a year's rent upfront before the lease has played out.

After the coupon is paid, the product monitors the linked stocks monthly. If all stocks close above 102% on any observation date, the product auto-redeems (KO) and your principal is returned early. If no KO occurs, the KI barrier is checked at Month 12: worst stock at or above 80% → principal returned in cash; below 80% → physical delivery of the worst-performing stock.

The coupon is yours to keep regardless of what happens after Month 1. The only uncertainty is your principal.

Section02Timeline

One year, three checkpoints.

Month 1: coupon paid. Months 1–11: monthly KO observations. Month 12: final KI check if no KO has occurred.

Tenor timeline12 months · 1 coupon · 11 KO checks · 1 KI check
M0 M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 COUPON PAID (e.g. 13.4%) KO CHECK ZONE — 102% KI CHECK (80% barrier) KO triggered → Principal returned No KO, stock ≥80% → Cash at maturity KI triggered → Receive shares
Section03Mechanics

Five steps to settlement.

01Invest

Lock in the trade.

Invest RM 100,000 linked to a basket of stocks (e.g. Tesla + Alibaba). Investment amount and reference prices are locked on the trade date. Settlement MYR.

02Coupon

End of Month 1.

Receive RM 13,400 (13.4% × RM 100,000). This is yours regardless of what happens next. No further coupons in Months 2–12.

03Monitor

Monthly KO observation.

Months 1–11: if all stocks close at or above 102% of starting price on any observation date, the product auto-redeems and full principal is returned.

04Final

Month 12 KI check.

If no KO has occurred, check the worst stock. ≥ 80% → cash. < 80% → physical delivery of that stock at the original strike.

05Example

KO at Month 3.

RM 13,400 coupon (already received) + RM 100,000 principal = RM 113,400 total. Same total as KO at Month 6 or Month 10.

Section04Real numbers

Four scenarios on RM 100,000.

Based on 13.4% coupon · 12-month tenor · KO 102% · KI 80% · Quanto MYR.

ScenarioWhat happensCoupon (M1)PrincipalTotal return
KO at Month 2Both stocks ≥ 102%RM 13,400RM 100,000+13.40%
KO at Month 6Both stocks ≥ 102%RM 13,400RM 100,000+13.40%
No KO, No KIWorst 80–102% at M12RM 13,400RM 100,000+13.40%
KI triggeredWorst stock 60% at M12RM 13,400~RM 60,000 in shares−26.60%

Read it carefully. The coupon (RM 13,400) is always received. The only question is whether you get your principal back in cash or in shares worth less. The coupon is not at risk.

Section05Versus FD

Why not just hold a fixed deposit?

Fixed Deposit · 12 months
3–5%

Nominal return, guaranteed by the bank. Principal fully protected under PIDM up to RM 250,000. No upside.

vs
Bullet EKI · 12 months
11–15%

Full coupon paid upfront at Month 1. Principal at risk only if the worst stock is below 80% at maturity — and the coupon is yours regardless.

Section06vs Step-Down

Bullet EKI versus Step-Down EKI.

Bullet EKIStep-Down EKI
CouponFull amount at Month 1 onlyMonthly (rate ÷ 12 each month)
KO barrierFixed at 102% all monthsSteps down over time (105% → 81%)
KI checkFinal month only (80%)Final month only (similar)
Risk bufferCoupon upfront offsets any loss immediatelyStep-down barrier gives easier KO exit over time
Better ifStocks stay relatively stable near starting levelsStocks drift sideways or slightly down over time
Income styleUpfront lump sumSteady monthly income
Section07Edge & risks

Where Bullet EKI earns its place — and where it doesn't.

The edge

Paid first, risk later.The coupon lands at end of Month 1 — before any uncertainty about principal begins.
Coupon never clawed back.Even in the worst case (KI), the coupon has already been pocketed.
Built-in buffer.If the worst stock drops to 60%, net loss is 26.6% — not 40% — because 13.4% was already banked.
Immediate liquidity.Unlike monthly-coupon products, the entire return is received at Month 1.
No FX risk.Quanto feature settles everything in MYR.

The trade-offs

Principal not protected.This is not a fixed deposit. You can receive back less than you invested.
Physical settlement.If the worst stock is below 80% at Month 12, you receive shares of that stock — which may fall further.
KO not guaranteed.Stocks may not rise above 102% during the tenor — you hold until Month 12.
Worst-of basket risk.The worst-performing stock alone determines the outcome.
Not PIDM protected.Backed by issuer credit, not government guarantee.
Section08Suitability

Who this is for.

Good fit

Comfortable with equity risk and want upfront income at Month 1.
Believes the basket stocks stay relatively stable.
Can afford potential principal loss.
Understands physical settlement.
Minimum RM 50,000 available.

Not suitable

Conservative investors.
Cannot afford any principal loss.
Need guaranteed regular income.
May need early access to funds.
Unfamiliar with stock markets.
Section09Questions

Common questions answered.

Is the coupon guaranteed?
Yes. The coupon is paid at end of Month 1 regardless of stock performance. Once received, it cannot be clawed back.
What if stocks crash after I invest?
You keep the coupon. KI is only checked at Month 12 — temporary crashes during the tenor do not matter. What counts is the worst stock on the final observation date.
Why is the coupon so high?
You are taking on stock crash risk. Higher risk, higher compensation — the elevated coupon pays for accepting this uncertainty.
Can I lose more than my principal?
No. The worst case is receiving shares worth less than your investment, partially offset by the coupon. There is no leverage.
What does "physical settlement" mean?
If KI is triggered, instead of cash you receive the equivalent value in shares of the worst-performing stock. You then own and can hold or sell them.
What is the minimum investment?
MYR 50,000. Speak to your relationship manager for current pricing, available stock pairs, and live indicative coupon rates.

For general information and educational purposes only. Not investment advice. Structured investments are not fixed deposits and are not insured under PIDM. The value of investments may fall as well as rise. Past performance is not indicative of future results. Please consult your relationship manager for full product details and suitability assessment.

Conversation GuideStructured Investment · Bullet EKI · 12-Month Tenor
Structured Investment · Bullet EKI

Paid first, risk later.

Receive the full coupon at Month 1. Principal returned at maturity unless the worst stock closes below 80% — the coupon is yours regardless.

Coupon
11–15%
Paid at end of Month 1
Tenor
12 mo
Single maturity
KO barrier
102%
Monthly M1–M11
KI barrier
80%
M12 only

01.What it is

  • Coupon upfront. Entire 11–15% coupon paid as a single lump sum at end of Month 1.
  • Monthly KO observation. If all stocks close ≥ 102% on any of M1–M11, product auto-redeems and principal is returned early.
  • Final KI check. At Month 12, if worst stock ≥ 80% → cash. Below 80% → physical delivery of worst stock at strike.
  • Quanto settlement. All amounts in MYR regardless of stock currency.
  • Tenor 12 months. Minimum RM 50,000.

02.The payoff, in plain English

Coupon paid at M1 in every scenario. Principal varies:
KO triggered any of M1–M11Principal returned in full + coupon kept
No KO, worst stock ≥ 80% at M12Principal returned in cash + coupon kept
No KO, worst stock < 80% at M12Physical shares of worst stock + coupon kept

03.How it works — five steps

  • 1 · Invest. RM 100,000 linked to basket (e.g. Tesla + Alibaba). Strikes locked on trade date. Settlement MYR.
  • 2 · Coupon. End of M1, receive RM 13,400 (13.4% × 100k). Yours regardless of what happens next.
  • 3 · Monitor. M1–M11 monthly KO observation at 102%.
  • 4 · Final. M12 KI check at 80%.
  • 5 · Example. KO at M3 → RM 13,400 + RM 100,000 = RM 113,400 total.

04.Four scenarios · RM 100,000 invested

ScenarioWhat happensCouponPrincipalReturn
KO at Month 2Both stocks ≥ 102%RM 13,400RM 100,000+13.40%
KO at Month 6Both stocks ≥ 102%RM 13,400RM 100,000+13.40%
No KO, no KIWorst 80–102% at M12RM 13,400RM 100,000+13.40%
KI triggeredWorst stock 60% at M12RM 13,400~RM 60,000 shares−26.60%

05.vs Fixed Deposit · 12 months

  • FD. 3–5% guaranteed. PIDM-protected to RM 250k. No upside.
  • Bullet EKI. 11–15% coupon upfront. Principal at risk only if worst stock below 80% at M12.
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Conversation GuideStructured Investment · Bullet EKI · continued

06.Bullet EKI vs Step-Down EKI

Bullet EKIStep-Down EKI
CouponFull amount at Month 1 onlyMonthly (rate ÷ 12 each month)
KO barrierFixed at 102% all monthsSteps down (105% → 81%)
Risk bufferCoupon upfront offsets loss immediatelyStep-down gives easier KO exit over time
Better ifStocks stay stableStocks drift sideways or slightly down
Income styleUpfront lump sumSteady monthly income

07.The edge & the trade-offs

The edge

  • Paid first, risk later. Coupon lands before any principal uncertainty.
  • Never clawed back. Even in worst case, coupon stays pocketed.
  • Built-in buffer. Worst stock at 60% → 26.6% net loss (not 40%).
  • Immediate liquidity. Entire return received at M1.
  • Quanto, no FX risk. All settlement in MYR.

The trade-offs

  • Principal not protected. Not a fixed deposit.
  • Physical settlement. May receive shares of worst stock at M12.
  • KO not guaranteed. May hold to maturity.
  • Worst-of basket. Weak stock drags entire outcome.
  • Not PIDM protected. Issuer credit risk.

08.Who this is for

Good fit

  • Comfortable with equity risk; wants upfront income.
  • Believes basket stocks stay stable.
  • Can afford potential principal loss.
  • Understands physical settlement.
  • Minimum RM 50,000.

Not suitable

  • Conservative investors.
  • Cannot afford principal loss.
  • Need guaranteed regular income.
  • May need early access to funds.
  • Unfamiliar with stock markets.

09.Common questions

  • Is the coupon guaranteed? Yes. Paid at M1 regardless of stock performance.
  • What if stocks crash after I invest? You keep the coupon. KI is only checked at M12 — temporary crashes don't matter.
  • Why is the coupon so high? You're taking on stock crash risk; higher risk = higher compensation.
  • Can I lose more than principal? No leverage. Worst case is receiving shares + coupon offset.
  • What is physical settlement? If KI triggers, you receive shares of the worst stock at strike, not cash.
  • Minimum investment? RM 50,000. Speak to your RM for live pricing.
For general information and educational purposes only. Not investment advice. Structured investments are not fixed deposits and are not insured under PIDM. The value of investments may fall as well as rise. Past performance is not indicative of future results. Please consult your relationship manager for full product details and suitability assessment.
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