The Dual Currency Yield Enhancement Investment offers the investor the flexibility of choosing a currency pair - namely the base currency (e.g. AUD) and an alternate currency (e.g. USD), the tenor of the investment as well as the strike price (conversion rate). On maturity, subject to the performance of the Foreign Exchange prices, the bank will pay the investor the principal plus interest earned in either the base or the alternate currency, at the pre-agreed strike price. In the event the investment is repaid in the alternate currency, the investor may receive less than the original investment amount if the investor chooses to convert back to the base currency immediately. As such, the Dual Currency Yield Enhancement Investment is not principal protected. The investor takes the risk of Foreign Exchange movements.
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