Important Note:

Premium Deposit, Equity Linked Investments, Structured Investment Series and Structured Notes are structured products involving derivatives. Investment Fund is an investment product and some Investment Funds would involve derivativesGuoabong Stock. The investment decision is yours but you should not invest in that investment 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.

Risk Disclosure Statement for Investment Fund Services:

Investment involves risks. The prices of units/ shares of unit trusts or mutual funds fluctuate, sometimes dramatically and the worst case may result in loss of your entire investment amount. It is as likely that losses will be incurred rather than profit made as a result of buying and selling unit trusts or mutual funds. Past performance of any Investment Fund is no guide to its future performance.

Investors should carefully read the relevant offering documents and in particular the Terms & Conditions contained therein, the investment policies and the risk factors and latest financial results information. It is desirable that the Investor seeks independent financial advice with respect to any investment decision.

Investors should ensure they fully understand the risks associated with unit trusts or mutual funds and should also consider their own investment objective, investment experience, financial situation and risk tolerance level before making any investment decision.

Risk Disclosure Statement for Foreign Exchange:

Foreign exchange involves risks. Fluctuation in the exchange rate of a foreign currency may result in gains or significant losses in the event that a client converts deposit from the foreign currency to another currency (including Hong Kong Dollar).

Risk Disclosure Statement for Structured Notes:

Investment involves risks. The price of structured notes fluctuates, sometimes dramatically and the worst case may result in loss of your entire investment amount. There is an inherent risk that losses may be incurred rather than profits made as a result of trading structured notes.

Risk Disclosure Statement for Premium Deposit

Investment involves risks. The worst case will result in loss of your entire investment amount.

Principal Loss Risk / Currency Risk – This product is not principal-protected and the return of which will be dependent on movements in some specified currency exchange rates which are affected by a wide range of factors and may rise or fall rapidly.

Liquidity Risk / Early Withdrawal Risk / Cancellation Risk – Any cancellation or withdrawal prior to maturity is subject to the consent of the Bank. With these risks, investors may incur significant costs or losses.

Not Protected under Deposit Protection Scheme

Premium Deposit is NOT an alternative to ordinary saving or time deposit, and is NOT a protected deposit and NOT being protected under the Deposit Protection Scheme in Hong Kong.

Risk Disclosure Statement for Equity Linked Investment Services

The price or value of the Equity Linked Investments (ELIs) fluctuates, sometimes dramatically and the worst case may result in loss of your entire investment amount. It is as likely that losses will be incurred rather than profit made as a result of subscribing for, buying and selling the ELIs. Investors should therefore carefully consider whether such transactions are suitable in light of their financial position and investment objectives before entering into such transactions.

Not principal protected: ELIs are not principal protected. You may suffer a loss if the prices of the underlying asset(s) of an ELI go against your view. In extreme cases, you could lose your entire investment.Jaipur Stock

Limited potential gain: The potential return on your ELI may be capped at a predetermined level specified by the issuer.

Credit risk of the issuer: When you purchase an ELI, you rely on the credit-worthiness of the issuer. In case of default or insolvency of the issuer, you will have to rely on your distributor to take action on your behalf to claim as an unsecured creditor of the issuer regardless of the performance of the reference asset(s).

No collateral: ELIs are not secured on any assets or collateral.

Limited market making: Issuers may provide limited market making arrangement for their ELIs. However, if you try to terminate an ELI before maturity under the market making arrangement provided by the issuer, you may receive an amount which is substantially less than your original investment amount.

Investing in an ELI is not the same as investing in the reference asset(s): during the investment period, you have no rights in the reference asset(s). Changes in the market price of such reference asset(s) may not lead to a corresponding change in the market value and/or potential payout of the ELI.

Conflicts of interest: Issuer of an ELI may also play different roles, such as the arranger, the market agent and the calculation agent of the ELI. Conflicts of interest may arise from the different roles played by the issuer, its subsidiaries and affiliates in connection with the ELI.

Risk Disclosure Statement for Structured Investment Series:

Structured Investment Series carries risks not normally associated with ordinary bank deposits and are generally not the same as and not a suitable substitute for ordinary savings or time deposits. Investor should not invest in Structured Investment Series unless he/she has sufficient funds or liquidity so as to enable him/her to keep the investment until the maturity date. The principal amount of the investment under Structured Investment Series is protected only if held to the agreed maturity date without being cancelled or withdrawn by the investor. Any such cancellation or withdrawal prior to the maturity date is subject to the consent of the Bank and may incur costs or losses to the investor which may even result in a negative rate of return. Where investor holds the investment until the maturity date, the interest or yield on the investment may also be affected by movements in the relevant reference value of the underlying asset. The total return on the investment may be zero or significantly less than the return which might be obtained on a normal time deposit in the event of an adverse movement in the relevant reference value of the underlying asset. This product is NOT equivalent to, nor should it be treated as a substitute for, time deposit, and is NOT being protected under the Deposit Protection Scheme in Hong Kong.

Risk Disclosure Statement for Structured Notes:

Investment involves risks. The price of structured notes fluctuates, sometimes dramatically and the worst case may result in loss of your entire investment amount. There is an inherent risk that losses may be incurred rather than profits made as a result of trading structured notes.

Risk Disclosure Statement for Debt Securities Services:

Investment involves risksJaipur Stock. The price of bonds fluctuates, sometimes dramatically and the worst case may result in loss of your entire investment amount. There is an inherent risk that losses may be incurred rather than profits made as a result of trading bonds.

Risk Disclosure Statement for Securities Services:

Investment involves risks. The prices of securities fluctuate, sometimes dramatically and the worst case may result in loss of your entire investment amount.

Past performance of any securities is no guide to its future performance. Investors should consider their own investment objectives, investment experience, financial situation, risk tolerance level and carefully read the Terms and Conditions of relevant Securities Services before making any investment decision.

For U.S. Securities Services only:

Key risks include but are not limited to below.

U.S. securities is subject to the laws and regulations of the U.S. Before you trade U.S. securities, you should be aware of:

The level of investor protection and safeguards that you are afforded in U.S., as U.S. securities would operate under a different regulatory regime.

The differences between the legal systems in U.S. and Hong Kong that may affect your ability to recover your funds.

The tax implications, currency risks, and additional transaction costs that you may have to incur.

The counterparty and correspondent broker risks that you are exposed to.

The political, economic and social developments that influence U.S. markets you are investing in.

The foreign exchange can negatively affect your value of investment.

U.S. markets may be subject to rules that offer different or diminished investor protection, which may expose you to additional risks.

U.S. suspension or restriction of trading, market conditions and/or the operation of the regulations of certain markets will make it difficult or impossible to effect certain transactions or liquidate positions. In such cases, you may face a higher risk of loss.

These and other risks may affect the value of your investment. You should not invest in the product if you do not understand or are not comfortable with such risks.

Important Notes of SMS/Email Communications:

Client is responsible for charges that may be imposed by individual mobile network operator (including but not limited to roaming service charges).

You will not receive a personal call to inform you of your order status if you have enrolled for SMS/ email order confirmation or placed your order through the online channel. Please use order status enquiry function to check the updated status of your order.

SMS order confirmation and price alert services require pre-registration and are subject to relevant Terms and Conditions.

The Bank gives no warranty as to the timeliness or reliability of the SMS/ email communications and shall have no liability in the event that the client fails to receive such communication.