Fixed Coupon Note (FCN) is a structured note with a typical maturity of around 6 months. It is a popular investment tool among high-net-worth investors, known for providing steady cash interest and featuring a lower price threshold (Knock-In) that acts as a buffer against losses if the stock price drops. This makes FCNs especially suitable for sideways market conditions.
FCNs offer an average return of 7–15% per year, depending on the underlying stock(s) specified in the contract (usually 1–2 stocks). The returns are paid out as regular cash coupons, either monthly or biweekly.
Get interest payments faster — upgraded from monthly to bi-weekly — for quicker cash flow and a higher chance of Knock-Out.
Set different Knock-In levels for each underlying stock based on its volatility. Typically adjustable to 10–25% below the initial stock price.
You can set the Strike Price between 90%–100% of the initial reference price to reduce the chance of receiving shares, or to receive them at a lower cost if redeemed in stock.
Get interest payments faster — upgraded from monthly to bi-weekly — for quicker cash flow and a higher chance of Knock-Out.
Set different Knock-In levels for each underlying stock based on its volatility. Typically adjustable to 10–25% below the initial stock price.
You can set the Strike Price between 90%–100% of the initial reference price to reduce the chance of receiving shares, or to receive them at a lower cost if redeemed in stock.
Note: This product is for Institutional investors and High Net Worth investors only, as in Announcement by the SEC.
Please understand the product’s features, return conditions, and risk before making an investment decision.
Important Notice: Investors in Structured Notes expose to risk of losing all or part of their investment if there is no principal protection or less than 100% principal protection of the investment. Structured Notes are the notes with higher risks or greater complexity than ordinary debentures, and they differ from direct investments in the underlying assets. This may result in the price of such notes exhibiting different fluctuations from underlying prices. Therefore, investors should thoroughly understand the terms of return and carefully consider the potential risks before making investment decisions. Please review the information and details provided in the factsheet or seek additional advice from your investment consultant.
Start Investing in Structured Notes Easily, Available for institutional and high-net-worth investors as defined by the SEC. Just open a securities trading account — quick and easy approval.
1. Prepare your ID card to fill in your information.
2. Apply for a securities account through various channels. See how to Click
• Wealth Connex app / AomWise app / www.bualuang.co.th
• Bualuang Securities branch
3. Open a Structured Note account by submitting: A copy of your ID card and Proof of high-net-worth investor status, as in Announcement by the SEC. See more Click
4. Submit your documents to your investment advisor and wait for email approval.
5. Start investing in Structured Notes by contacting your advisor to design a product that fits your investment style.
If a Knock-In event has occurred and the note is redeemed in shares, investors will receive the underlying stock at the pre-agreed Strike Price.
This means the market price at redemption may be lower than the acquisition cost. However, if the investor is comfortable holding the stock at that price, the risk may be considered acceptable.
FCNs are available with contract terms of 3, 6, or 9 months.
A Knock-In occurs when the closing price of any underlying stock falls below the Knock-In level on any trading day during the contract period.
A Knock-Out occurs when the closing prices of all underlying stocks are equal to or above the Knock-Out level on the early redemption observation date (typically every coupon payment date).
The minimum investment starts at 500,000 Baht.
