Buy AUDSGD below 1.000

FX structure proposal:

*Purpose is to buy AUDSGD below 1.0000.*

AUDSGD boosted tarn (target accrual redemption note)
Tenure 52 weeks
Accumulate AUD10k per week
1st to 5th strike 0.9430
6th to 52nd strike 0.9990
Knock out at 40 big figure (4000 pips) exact
Spot rate is around 1.0080

This means client will be buying AUD10k per week for 1st to 5th week at 0.9430 and client will be buying AUD10k per week for 6th to 52nd week.

A knock out event will happen when accumulated profit is 4000 pips. This means that the contract will end and client will earn 4000 pips profit.

Risk: Client will need to buy AUD20k per week whenever AUDSGD spot rate falls below strike price on fixing date.

Rationale for this trade is because AUDSGD long term support is around 1.0000. Buying AUDSGD offers limited downside and good upside.

Maximum risk exposure to client on non leverage basis is AUD10k x 52 weeks = AUD520,000.

Maximum risk exposure to client on non leverage basis is AUD10k x 52 weeks x 2 = AUD1,040,000.