Minibonds and High Notes in simplified terms

ST correspondent Lorna Tan did a simplified version of a summary note that is easy to understand to the investors. She used a copy of the DBS High Notes 5 prospectus and gave her own inputs which I find very comprehensive, at least to a layperson like me.

The key features of her take are:

1. It explains that the investor's money will be used to buy a basket of securities. This is then used as a