Societe Generale launches Asia's first US Stock-linked Structured Certificates on the Singapore Exchange

The new SCs will consist of US stocks including a selection of the Magnificent Seven stocks, such as Nvidia and Tesla, and are linked to US underlyings. They will be listed on the SGX-ST from 2 December 2024. The certificates are linked to single US stocks for a 1-year maturity period, with the original amount invested at risk. The certificates are not deposits placed with Societe Generale.

Investors can potentially enjoy regular distribution payments at a defined rate and receive the original amount invested at maturity, subject to certain conditions on the underlying stock price movement. In addition, if the underlying stock rises above a certain upper threshold, the certificate will be early redeemed by the issuer and if it falls below a certain lower threshold, investors can potentially elect to receive physical delivery of the underlying shares at expiry. By listing the certificates on the SGX-ST, Societe Generale aims to provide better price transparency, liquidity for these structured products, and greater accessibility for eligible investors. 

Olivia Chen, Managing Director and Head of Distribution Sales in South East Asia and Australia at Societe Generale, said, “Many investors in Asia have been tracking the strong performance of US equities and the Magnificent Seven stocks over the past 2 years. We are very pleased to expand our existing Structured Certificates set-up and our current investment offerings in order to empower eligible retail investors to capture more opportunities amidst rapidly changing market conditions.”

The SCs are classified as a Specified Investment Product (SIP); hence investors should possess either a high level of investment knowledge or experience before transacting in the certificates.

Serene Cai, Head of Securities Trading, SGX Group, said, “The US market is drawing significant investor interest, and we are excited to welcome Societe Generale’s listing of structured certificates linked to the US Magnificent Seven stocks. Alongside the Daily Leverage Certificates tied to the same stocks launched last month, this highlights our strong collaboration with issuers to bring timely and relevant products to meet investor demand.” 

The range of SCs issued by Societe Generale Group will be launched in regular series and open to eligible investors for subscription via distributors, including United Overseas Bank Limited (UOB), UOB Kay Hian Holdings Limited, Maybank Securities and Phillip Securities Pte Ltd (PSPL).

For more information, please visit https://certificates.socgen.com/en/home.