Enhanced income potential

 

What Macquarie Apex Notes offers

Enhanced income

Potential to earn an enhanced income yield

SMSF compliant

Available for self managed super funds (SMSFs)

Wide choice

Choose from a range of coupons types and reference assets

Tailor your exposure and investment terms to match your individual needs, market outlook and appetite for risk. Choose one or more assets across a range of asset classes, a wide range of coupon types and potential yields.

Macquarie Apex Notes may suit sophisticated investors, including SMSFs*.

*Subject to the obligation of the trustees of SMSFs to formulate and implement an appropriate investment strategy that has regard to the whole of the circumstances of their fund and to act in the best interests of members of the fund.

As with most investments, there are some key risks you should be aware of when investing in Macquarie Apex Notes, including:

  • you may lose some or all of your investment amount if the assets linked to your Note fall in value over the term
  • the higher the yield available in relation to a Note, the greater the risk that the amount payable to you at maturity will be less than the investment amount
  • for some coupon types (other than fixed coupons), you may not be entitled to receive any coupons unless certain events occur at specified times during the term of the investment
  • counterparty risk on Macquarie Bank Limited
  • limited ability to exit the investment before maturity (break costs may apply, which may be substantial)
  • Macquarie may terminate the investment early in certain circumstances.

About Macquarie Apex Notes

How Macquarie Apex Notes work

Macquarie Apex Notes provide you with the opportunity to generate an income yield greater than that offered by 'traditional' low risk investment products. 

Each Macquarie Apex Note is an unsecured obligation that provides derivative exposure to the performance of one or more underlying assets.

Choice of underlying assets

Apex Notes are available over a wide range of listed domestic and international securities, listed and unlisted managed funds and indicies.

Depending on the relevant offer, your individual needs, market outlook and your appetite for risk, you have the opportunity to choose from:

  • one or more assets across a range of asset classes
  • different coupon types and potential yields
  • a wide range of investment terms.
When might you consider an Apex Note?

Generally, by investing in a Note, you may be able to generate a higher investment return than that available in other asset classes. This may be the case where interest rates are low, or where you expect equity prices will remain generally stable, or will only generate modest gains.

Product documents

There is no current offer to invest in Macquarie Apex Notes. When an offer is available, the Product Disclosure Statement will be available here.

This section is regularly updated with important information for current Apex Notes investors.

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Lonsec research report
This report contains a summary of Lonsec's observations and conclusions about Apex Notes, which was awarded a Recommended rating. Please visit the Lonsec website for information about this report.

The Lonsec Limited ("Lonsec") ABN 56 061 751 102 rating (assigned April 2012) presented in this document is limited to "General Advice" and based solely on consideration of the investment merits of the financial product(s). It is not a recommendation to purchase, sell or hold the relevant product(s), and you should seek independent financial advice before investing in this product(s). The rating is subject to change without notice and Lonsec assumes no obligation to update this document following publication. Lonsec receives a fee from the fund manager for researching the product(s) using comprehensive and objective criteria.

Who may Macquarie Apex Notes be suitable for?


Macquarie Apex Notes may be suitable for sophisticated investors, including SMSFs*, who:

  • have conviction on the outlook of the asset(s) that the performance of their Note is linked to
  • are willing to risk losing some or all of their investment amount in return for the potential to receive higher returns than that generally available in relation to 'traditional', low risk investments
  • are experienced in investing in derivatives.

* Subject to the obligation of the trustees of SMSFs to formulate and implement an appropriate investment strategy that has regard to the whole of the circumstances of their fund and to act in the best interests of members of the fund.

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