​Linked note is a type of certificate issued by Vietcombank. In which, as an investor, you will receive the yield on the note with the risk and return depending on an underlying asset. 

Benefits

• Can earn the return linked to the underlying asset without investing or being unable to invest in that asset;
• Can earn the return higher than investing directly into the underlying asset; 
• Can use the appropriate note to hedge all or part of the corresponding risk;
• Can transfer or sell the note to Vietcombank if wanting to redeem capital before maturity.

The underlying assets are usually Treasury bonds or bonds issued by other organizations. In which, the yields on the notes may be higher compared to investing directly in similar bonds.

Equity-linked notes

An equity-linked note usually pays a return linked to the performance of a security, some securities or an equity index over a defined period. On the maturity date, you earn the initial principal amount plus return, if any, based on the percentage change in the underlying asset.

Interest rate-linked notes

Through the underlying structure built into the note,  an interest rate-linked note often pays a higher coupon than direct term deposit.

This type of note pays a return linked to a pair of FX rates over a defined period. On the maturity date, you earn the initial principal amount plus return, if any, based on the percentage change of the underlying FX pair.

FX-linked notes

This type of note pays a return linked to the performance of an investment fund over a defined period. On the maturity date, you earn the initial principal amount plus return, if any, based on the percentage change in the performance of the fund.

Commodity-linked notes

A commodity-linked note pays a return linked to the performance of a commodity or basket of commodities over a defined period. On the maturity date, you earn the initial principal amount plus return, if any, based on the percentage change in the underlying commodity or basket.

Precious metal-linked notes

This type of note pays a return linked to the performance of a precious metal over a defined period. On the maturity date, you earn the initial principal amount plus return, if any, based on the percentage change in price of the underlying metal.

Other linked notes

Besides, depending on your need, Vietcombank can design and provide notes linked to other types of underlying assets and risks such as inflation index, weather, etc.