Structured Deposit is NOT a protected deposit and is NOT protected by the Deposit Protection Scheme in Hong Kong.

Terms and Conditions apply.

Risk Disclosure

Not a time deposit: Principal Protected Deposit 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: Principal Protected Deposit is embedded with foreign exchange option(s). Option transactions involve risks. If the exchange rate of the underlying currency pair performs against expectation at Expiry Time on Expiry Date, you can only earn the minimum payout of the structure.

Limited potential gain: The maximum potential gain is limited to Interest Amount.

Maximum potential loss: You could lose all your investment amount if the Bank becomes insolvent or defaults on its obligations under this product.

Principal protection at maturity only: The principal protection feature is only applicable if this product is held to maturity. There is no principal protection when this product is early terminated by the Bank.

Not the same as buying the Underlying Currency Pair: Investing in Principal Protected Deposit is not the same as buying the Underlying Currency Pair directly.

Market risk: The return of Principal Protected Deposit is linked to the exchange rates of the Underlying Currency Pair. Movements in exchange rates can be unpredictable, sudden and drastic, and affected by complex political and economic factors.

Liquidity risk: Principal Protected Deposit is designed to be held till maturity. You do not have a right to request early termination of this product before maturity.

Credit risk of the Bank: Principal Protected Deposit is not secured by any collateral. When you invest in this product, you will be relying on the Bank’s creditworthiness. If the Bank becomes insolvent or defaults on its obligations under this product, you can only claim as an unsecured creditor of the Bank. In the worst case, you could suffer a total loss of your principal amount.

Currency Risk: If the Deposit Currency is not 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 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, such adjustments or early termination events may negatively affect your return or loss under this product. Please refer to Master Terms and Conditions - Investment Products for details.

Risks relating to RMB: If you choose RMB as a Deposit Currency or Underlying Currency Pair includes RMB, you should note the following:
- The Chinese Renminbi is currently not freely convertible. Due to exchange controls and/or restrictions imposed on the convertibility or utilization of RMB which in turn is affected, amongst other things, the PRC government’s control, there is no guarantee that disruption in the transferability, convertibility or liquidity of RMB will not occur. There is thus a likelihood that you may not be able to convert the Chinese Renminbi received into other freely convertible currencies.
- Should you decide to convert the Renminbi amount back into your home currency or vice versa, you should bear in mind the risk of exchange rate fluctuations that may cause a loss on conversion of Renminbi back into such other currency or vice versa.
- If Underlying Currency Pair includes RMB, the relevant Reference Spot Rates will be quoted in offshore Renminbi (CNH) against alternate currency.

Important Information

The above risk disclosure statements cannot disclose all the risks involved. Before making investment decision, you should thoroughly study the offering documents, financial reports and relevant risk disclosure statements issued by the issuer of the investment product(s). Further you should consider your own circumstances including financial position, investment experience and objective to ensure the investment is suitable for your particular investment needs and risk tolerance capacity. You should seek independent financial and professional advice before trading or investment. This promotional material does not constitute an offer or solicitation for the purchase or sales of any investment products. This promotional material is issued by Industrial and Commercial Bank of China (Asia) Limited (“ICBC (Asia) / the “Bank”) and the contents have not been reviewed by Securities and Futures Commission.