FAQs on US Structured Certificates
How do corporate actions impact the US Stock Structured Certificates?

In respect of corporate adjustment events on the underlying stock (excluding ordinary cash distributions), trading in the respective Structured Certificates may be suspended on the relevant ex-date of the underlying stock and trading in the Structured Certificates will resume on the next immediate trading day on the SGX. Please note that trading in the Structured Certificates on the SGX may be suspended for more than one trading day in certain circumstances.

Please see the below illustrative example of the treatment on the US Stock Structured Certificates in the event of a corporate action adjustment, subject to changes as determined by the Issuer depending on the nature of the corporate action.

Investors can refer to "Examples and illustrations of adjustments due to certain corporate actions" in the Supplemental Listing Document (SLD) of the Structured Certificates for more details.

  US Stock Last Cum Date US Stock Ex-Date US Stock Ex-Date +
1 Singapore BD
  SGX Session
(9am-5pm)
US Market Session
(Overnight)
SGX Session
(9am-5pm)
US Market Session
(Overnight)
SGX Session
(9am-5pm)
Trading Status of the
US Stock Structured
Certificates
Trading as per usual No Trading as
SGX market is closed
Suspended Resume trading at
SGX market open
Adjustments of
Corporate Action

(this is a generic example where all figures are purely hypothetical)
  US Stock close price as of Last Cum Date = $100
US Structured Certificates intrinsic close price as of Last Cum Date = $1
Adjustment Factor = X
(for Structured Certificates calc) US Stock close price as of Last Cum Date after adjustment = $100 * X
Structured Certificates parameters are adjusted following the Adjustment Factor (X)
Corporate action adjustment announcements published on the SGX website (https://www.sgx.com/securities/company-announcements) and SG Structured Certificates website (https://certificates.socgen.com/en/home)
US Stock Structured Certificates performance is with reference to US Stock Close price as of Ex-date and Structured Certificates intrinsic close price as of Ex-date