Knock-Out Event refers to the scenario in which the closing price of the worst-performing underlying asset is greater than or equal to the specified Knock-Out threshold.

What is Knock-In Event?

Knock-In Event refers to the scenario in which the closing price of the worst-performing underlying asset falls below the specified Knock-In threshold.

Buying KIKO

Purchasing a KIKO product involves investing at the full notional value. Upon maturity, investors will receive the principal in full, unless a Knock-In Event occurs and the closing price of the worst-performing underlying asset fails to reach the upper barrier or the strike price on the observation date.

Return Patterns

Knock-Out Triggered	Knock-In Triggered	Return Patterns
✔	✖	Principal + Interest (up to the early redemption period)
✖	✖	Principal + Interest (upon contract maturity)
✔	✔	Principal + Interest (up to the early redemption period)
✖	✔	If the closing price on the final observation date is greater than or equal to the strike price: Principal + Interest (upon contract maturity) If the closing price on the final observation date is below the strike price: Underlying shares (based on initial value) + Interest (upon contract maturity)

Investment Conditions

Must be a qualified institutional or high-net-worth investor as defined by the SEC.
Minimum investment of THB 1 million.

Highlights

Offers higher interest rates compared to traditional debt instruments.
Provides consistent cash flows until maturity (unless early redemption occurs).
Opportunity to receive full principal repayment with interest even if the closing price of the underlying stocks falls below the current price.
In the event of early redemption (Knock-Out Event), investors will still receive 100% of the principal.

Perspectives on underlying stocks that should be evaluated

Hold a positive or at least neutral view on the underlying stocks (sideways to bullish outlook).
Believe that none of the underlying stocks are likely to fall below the lower barrier throughout the life of the KIKO Note.
Some underlying stocks may temporarily fall below the lower barrier, but it is expected that all of them will recover to reach the upper barrier before the KIKO Note matures.

Return Patterns

KIKO features a return structure that is contingent upon the occurrence of Knock-in and Knock-out events, each of which leads to varying outcomes in terms of returns. These can be categorized into four distinct scenarios, with each scenario having a specific impact on the investment return as outlined below.

1. Knock-Out Triggered

2. No Knock-out and No Knock-in Triggered

3. Knock-In Triggered then Knock-Out Triggered

4. Knock-in Triggered

Investment Process in KIKO Notes

1. Open a bond account with embedded derivatives.

2. Documents to Confirm the Status of a Major Investor According to SEC Criteria

3. Select a stock basket and investment format.

4. Order Confirmation and Payment

For more information, please contact your investment advisor.

Or contact 02-2057000 ext. 7047, 8030 Investment involves risks. Investors should understand the product features, return conditions, or risks before making investment decisions

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