You understand that Structured Deposits are non-traditional deposits that offer possible enhanced returns through the use of embedded options. The returns on such deposits may or may not be guaranteed, and are usually contingent on the performance of a reference instrument or asset, such as a basket of equities, foreign exchange or interest rates, or the occurrence of an underlying credit event. In the case where the returns are not guaranteed, it is likely that you may not receive any returns on the maturity date. Structured Deposits usually carry a longer tenor than traditional deposits. You should therefore ensure that you have sufficient funds and/or the necessary liquidity to enable you to hold the Structured Deposits with the Bank until the maturity date. The initial deposit amount is guaranteed only if you hold the Structured Deposits until the maturity date. Early withdrawal of Structured Deposits may result in you receiving less than your initial deposit amount. You further understand that you will bear any costs and charges associated with such early withdrawal of the Structured Deposit. Although the maturity date and the enhanced interest rate are pre-determined at the time of establishment of the Structured Deposit, you are subject to the risk of fluctuations in price, interest rate and/or foreign exchange rate in the underlying instruments or assets. In most cases, an increase or decrease in any of these rates relative to the pre-determined strike price on a pre-determined date will result in the exercise of the right of the Bank to terminate the Structured Deposit and/or return an amount in cash to you from the due settlement of the Structured Deposit or to deliver the underlying instruments to you.

For full terms & conditions, please visit any of our branches.