Hong Leong Floating Rate Negotiable Instrument Of Deposit (FRNID)
The Floating Rate Negotiable Instrument Of Deposits (FRNID) is a 100% principal protected structured product issued by Hong Leong Bank Berhad (HLBB). This structure aims to protect depositor's investment principal at maturity or auto-called while offering opportunities to earn potential returns, depending on the performance of underlying basket of certain investment themes, either by geography, sector or industry basis.
THIS PRODUCT IS PRINCIPAL GUARANTEED BY ISSUING BANK UPON MATURITY ONLY. IF THE PRODUCT IS REDEEMED OR SOLD PRIOR TO MATURITY, THE CUSTOMER MAY LOSE PART OF THE INITIAL DEPOSIT. THE CUSTOMER IS REMINDED THAT THIS PRODUCT IS NOT INSURED BY PERBADANAN INSURANS DEPOSIT MALAYSIA |
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