High Notes 5

Dear Kin Lian
Like Minibond payouts can DBS HN5 investors also expect similar payouts.  DBS has been silent and also the case of 200+ invetors who are suing DBS has not come for hearing at the Courts. Any idea when the case is expected to be heard?

REPLY
You have to check with the lawyer or the members of the class action on HN5. The underlying assets in High Notes 5 is nil, as the money has been used to pay the credit default swap (of which Lehman Brothers was a reference entity that was insured under the swap). Do not expect any settlement like Minibonds.