Important Notes:
This is a structured investment product involving derivatives. The investment decision is yours but you should not invest in this product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
This product is NOT a protected deposit and is NOT protected by the Deposit Protection Scheme in Hong Kong.
Investment involves risks. You should not invest in this product based on this webpage alone. Before making any investment decision, you should read and understand the relevant offering documents (including but not limited to the Terms and Conditions for One Account or Private Banking Terms and Conditions for Banking and Investment Services (in respect of Private Banking Customers) and Important Facts [More Info]) for further details and the risks involved and carefully consider your financial situation, investment experience and investment objectives. You should seek independent professional advice if needed.
The above guide is for illustration purpose only, the actual transaction details are subjected to revision as per prevailing market conditions.
For more details, please visit any of our branches or call 2287 6788.
Risk Disclosure Statements
The following risk disclosure statements are not exhaustive. You are recommended to seek independent professional advice before making any investment decision. You should carefully consider whether such product is suitable for you in light of your financial situation, investment experience and investment objectives.
Not a time deposit - CLD is NOT equivalent to, nor should it be treated as a substitute for, time deposit. It is NOT a protected deposit and is NOT protected by the Deposit Protection Scheme in Hong Kong.
Derivatives risk - CLD is embedded with FX put option. Option transactions involve risks, especially when selling an option. Although the premium received from selling an option is fixed, you may sustain a loss well in excess of such premium amount, and your loss could be substantial.
Limited potential gain - The maximum potential gain is limited to the interest payment.
Maximum potential loss - CLD is not principal protected: you could lose all of your deposit amount.
Not the same as buying the Linked Currency - Investing in CLD is not the same as buying the Linked Currency directly. During the Deposit Period, you have no rights in the Linked Currency, and movements in the exchange rate of the Linked Currency may not lead to any corresponding change in your return on CLD.
Market risk - The return of CLD is linked to the Fixing Rate prevailing at the fixing time on the fixing date. Movements in exchange rates can be unpredictable, sudden and drastic, and affected by complex political and economic factors. Any such exchange rate movement may adversely affect your financial return or result in a loss under the CLD. If the Fixing Rate is not quoted or is unavailable, the Bank will, acting in good faith and in a commercially reasonable manner, determine the Fixing Rate. In any event the decision of the Bank shall be binding and conclusive.
Liquidity risk - You cannot early terminate the CLD and should be prepared to hold this product until maturity. There is no secondary market for CLD.
Credit risk of the Bank - CLD is not secured by any collateral. You will be exposed to the credit risk of the Bank and will not receive any interest payment or may even lose the entire deposit amount if the Bank becomes insolvent or defaults in performing its obligations.
Currency risk - You are subject to risk of fluctuations in foreign exchange. If the Linked Currency depreciates, you will receive the deposit amount and interest in the Linked Currency at the Strike Rate at maturity. If you convert the amount received in the Linked Currency back to the Deposit Currency, the loss arising from devaluation of the Linked Currency may offset the interest earned on the product, and may even result in significant or even entire losses in the deposit amount of the product. There is a risk that loss may be incurred as a result of investing in the product. If the Deposit Currency and/or Linked Currency is not in your home currency, and you choose to convert it back to your home currency upon maturity, you may make a gain or loss due to exchange rate fluctuations.
Risks relating to RMB - You should note that the value of RMB against other foreign currencies fluctuates and will be affected by, amongst other things, the PRC government’s control (for example, the PRC government regulates conversion between RMB and foreign currencies), which may adversely affect your return under this product when you convert RMB into your home currency. RMB is not freely convertible at present. The actual conversion arrangement will depend on the restrictions prevailing at the relevant time.
Risks of early termination by the Bank - The Bank has the right (but not the obligation) to terminate this product early upon occurrence of certain events. If this product is terminated by the Bank early, you may suffer a substantial loss under this product.
Not covered by Investor Compensation Fund - Currency-Linked Deposit is not covered by the Hong Kong Investor Compensation Fund.
The above information does not itself constitute any offer of, or invitation by or on behalf of China CITIC Bank International Limited (the "Bank") to any person to purchase or sell or acquire or invest in any investment products.
The Bank is the product issuer, which is an authorized institution under the Banking Ordinance and is regulated by the Hong Kong Monetary Authority.
This promotion page is issued by the Bank. Its contents have not been reviewed by the Securities and Futures Commission of Hong Kong.
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