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.
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 per SEC Notice KorJor. 39/2564) 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. Learn more Click
Note: This product does not offer principal protection. Please understand the risks and return conditions before investing.
For institutional and high-net-worth investors only (as defined in SEC Notification No. KorJor. 39/2564). / Minimum investment: 500,000 Baht
Important Notice: Principal is protected only if held to maturity and as stated in the contract. Structured notes carry a risk of partial or total loss, especially when there’s no or limited principal protection. They are high-risk, complex instruments and may behave differently from their underlying assets. Please review the product terms, risks, and conditions carefully, or consult your investment consultant.
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.
