DBS High Notes 5 confirm = $0.00

[Ncss]

http://www.dbs.com.sg/dbsgroup/announcemen...ment_Notice.pdf

 

http://www.asiaone.com/Business/News/My%2B...1029-96868.html

://http://www.asiaone.com/Business/New...29-96868.html

Edited October 29, 2008 by Ncss

[Jayzee]

Are you one of the victim?

 

 

haiz.. i pity those old grandmum & pa.. life saving all gone.

[Cheekg98]

'Unfortunately, the worst case scenario has materialised and the majority of High Notes 5 investors will not be receiving anything back,' said Karen Ngui, DBS spokeswoman.

[Try_conti]

hmmm .... think I better cash out my investment product with DBS tomorrow .... rugi a bit never mind ....

[Cheekg98]

if u cash out, will you lose $$$ ?

 

DBS reputation is severely damaged ...

[Try_conti]

looking at 'current indicative price', yes will lose.

 

But better than losing everything if the guarantor goes belly up, right ?

[Cheekg98]

what's the investment ? unit trust or structured product ?

[Try_conti]

lyxor ....

[Cheekg98]

[Try_conti]

supposed to be cap guaranteed but like the minibonds, if guarantor tank, it'll be a big fat 0.

 

guarantor is soc-gen. stock prices has since halved since 4 yrs back.

[Cheekg98]

better hold lah ... at the end, u still get yr principal back ... no major bank will be allowed to fail, so yr $$$ is safe

[Try_conti]

well can't say that abt soc-gen. FR isn't in a good shape either, they're already the sick man of europe b4 the current crisis ....

[Dennisk]

http://www.dbs.com.sg/dbsgroup/announcemen...ment_Notice.pdf

 

http://www.asiaone.com/Business/News/My%2B...1029-96868.html

[Sabian]

right now...lyxor sounds like laosai

[Mzrmazda3]

 

Those involved sure

[Jayzee]

very obvious.. it is a matter of time they announce this piece of news.

 

Common sense will tell you that your high5 notes is definitely worthless. Don't hope for anything.

 

Just like those investment program on internet that promise high returns.. can i say this is more like scam now?

[Cheekg98]

new hair cut ?

 

saw on tv the investors are v angry .... there are shouting during the DBS management private meeting with the investors ....

[Windwaver]

Only two of the series sold in Hong Kong were given a monetary value. A Bloomberg report says that Series 36 notes linked to Lehman's $1.5 billion 6.625 percent bonds maturing in 2012 are worth $435.36 each, it said. Investors in series 37 will get HK$2,620.92 ($338).

 

Only these 2 got value, rest all gone.