01
Underlying
What does the outcome depend on?
Structured Products
Know the Conditions Before You Consider the Outcome.
Explore investment structures through the terms that determine how they behave across different market scenarios.
For investors who want every condition explained
before deciding.
The Core Idea
The Headline Is One Line. The Terms Are the Story.
Every structure needs to be understood on its own terms.
02
Conditions
What must happen along the way?
03
Outcome
What may be paid or returned under those conditions?
What We Put Under the Lens
What We Put Under the Lens.
A structured product is more than a payoff. We examine the key elements that shape how it works, so you can assess whether it fits your mandate.
Underlying Exposure
What assets, indices or themes determine the outcome?
Payoff Rules
How do the conditions determine what may be paid or returned?
Issuer and Counterparty
Who are the key parties and what are their respective roles?
Liquidity and Exit
What are the provisions for exit and how might liquidity be affected?
The VIVS Review Lens
Read the Structure
in the Order
Risk Appears.
A clear sequence helps you see how the parts fit and where risks may arise.
The Scenario Room
What Happens If the Market Does Something Else?
Different market outcomes can lead to different contractual results. The terms determine what happens.
Condition Met
Review the contractual outcome, including any payments or early exit that may apply under the terms.
Condition Partly Met
Identify the altered payout or continuation terms and how partial conditions affect the result.
Condition Not Met
Assess the potential loss and the relevant issuer obligations as defined in the terms.
What You May Gain
These features may make a structured product suitable for some investors.
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Potential tailored exposure
Access to specific assets, themes or market views through the terms.
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Terms known at entry
Key conditions and potential outcomes are defined up front.
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A defined investment horizon
A clear time frame to evaluate alongside your broader portfolio.
What You May Give Up
These trade offs are important to consider before investing.
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Complexity
More moving parts and terms than a straightforward investment.
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Liquidity flexibility
It may be harder to exit early, and exit rights depend on the terms.
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Exposure to issuer and market risk
Your return depends on the issuer’s obligations and the market conditions described in the terms.
Our Review Ends With
A Plain English Brief.
We summarise the key terms in clear language so you can assess whether the structure fits your mandate, risk tolerance and portfolio.
The Investor Fit
A Clear Structure Still Has to Fit Your Life.
Worth Exploring When
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You can explain the conditions in your own words
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The investment has a defined role in your portfolio
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The stated horizon suits your liquidity needs
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You accept the full downside scenario
Pause When
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You need assured access to your money
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You expect capital or income to be guaranteed
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The term sheet leaves material questions unanswered
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Your exposure to an issuer is already too concentrated
The VIVS Journey
From Term Sheet
to
Informed Choice.
A clear, thoughtful process to help you understand the structure and decide with confidence.
Share
Your Mandate
Tell us your objectives, time frame and key considerations.
Review
the Structure
We analyse the terms, conditions and relevant risks.
Test
the Scenarios
We assess how different market outcomes may affect the result.
Resolve
Open Questions
We discuss any uncertainties and seek clarity where needed.
Decide With
Final Documents
You consider the final terms and proceed only if you are comfortable.
Questions Before You Decide
Questions Before You Decide
What determines the outcome?
The outcome is determined by the specific terms of the structure. This can include the underlying reference, observation dates, triggers, barriers, payoff rules, maturity conditions and issuer obligations. We review these elements together so you can understand what needs to happen for each possible outcome.
Can I lose part or all of my capital?
Yes, depending on the exact structure. If capital protection is conditional, a specified barrier is breached, market conditions move adversely, or the issuer cannot meet its obligations, you may lose part or potentially all of the capital at risk. The downside scenario and capital at risk provisions should therefore be understood before proceeding.
What happens if I need to exit early?
Early exit depends on the liquidity and exit provisions stated in the term sheet. An exit before maturity may be subject to prevailing market value, available liquidity, applicable charges or other contractual conditions. The amount received on an early exit may therefore be lower than the original investment amount.
Who is responsible for payments?
The official product documents identify the issuer, provider or other relevant party responsible for making contractual payments. Those payments remain subject to the terms of the product and the responsible party’s ability to meet its obligations. We review these responsibilities so you know who is accountable before capital is committed.
Is a stated outcome guaranteed?
A stated or illustrated outcome should not be treated as guaranteed unless the official product documents expressly provide for it. Actual results depend on the contractual terms, relevant market conditions and the issuer’s ability to meet its obligations. The final documents, not an illustration or headline outcome, define what applies.