• Investment involves risks.
• Prices of foreign exchange may go up or down.
• The above screen captures are for reference and terms and conditions apply to the above services.
• Android, Google Play and the Google Play logo are trademarks of Google LLC.
• Apple, the Apple logo, and iPhone are trademarks of Apple Inc, registered in the US and other countries. App Store is a service mark of Apple Inc.

Remark:

1. Subscription amount subject to change for different denomination, please refer to the relevant offering documents of the ELIs.

Risk Disclosure about US Equity Linked Structured Products

• Risks relating to difference in trading days and hours – Trading in the linked stock on the US exchange will be executed during the trading hours of the US exchange, which is located in New York and opens after normal business hours in Hong Kong. You should be aware of the time zone difference between Hong Kong and New York in assessing the trading price of the linked stock.
• English version of the terms and conditions for the product may prevail. If you are not proficient in English, you should consider whether the investment in this product is suitable to you, and obtain independent professional advice where necessary.
• Reliance on mobile application in providing information about the linked stocks and our external service provider in providing such information — The Bank will make available news feeds regarding updated information of the linked stocks only via the Hang Seng Invest Express stock trading mobile application. Such news feeds will not be available to you if you do not have access to such mobile application, in which case you should consider whether the investment in this product is suitable to you. Such news feeds are provided by our external data provider and their availability may be interrupted or suspended due to such external data provider’s technical and systematic failures, in which case the availability of such news feeds may be delayed or suspended. In addition, you should note that the Hang Seng Invest Express mobile application may be interrupted or suspended due to our technical and systematic failures, in which case you may not be able to have access to such news feeds.
• United States taxation risk - You should note that United States taxation rules are complex and their application may depend on your particular circumstances, including whether you enter into other transactions with respect to the underlying US stock. In addition, if the U.S. Internal Revenue Service successfully argue that this product is treated as “dividend equivalents”, a withholding tax at a rate of up to 30% is imposed on such payments made to a non-U.S. investor will adversely affect the potential return under the investments. You should, prior to your investment in this product, consult your own tax advisor regarding the application of related legislation arising from your investment.

Risk Disclosure of Equity Linked Structured Products

• Equity Linked Structured Products involve derivatives. The investment decision is yours but you should not invest in an Equity Linked Structured Product unless the intermediary who sells it to you has explained to you that the Equity Linked Structured Product is suitable for you having regard to your financial situation, investment experience and investment objectives. Equity Linked Structured Product is a Complex Product and you should exercise caution in relation to this product. The market value of the equity linked structured products may fluctuate and investors may sustain a total loss of their investment. Prospective investors should therefore ensure that they understand the nature of the equity linked structured products and carefully study the risk factors set out in the offering documents for the equity linked structured products and, where necessary, seek independent professional advice, before they decide whether to invest in equity linked structured products. If you purchase the equity linked structured products, you are relying upon the creditworthiness of the Issuer of equity linked structured products.
• Liquidity risk - Equity Linked Structured Products are designed to be held to its maturity. You may not be able to sell your investment in the Equity Linked Structured Products before maturity. If you try to sell the Equity Linked Structured Products before expiry, the amount you receive may be substantially less than the investment amount you paid for the Equity Linked Structured Products.
• Credit risk of the Equity Linked Structured Products issuer - Equity Linked Structured Products constitute general unsecured and unsubordinated contractual obligations of the issuer. When you buy Equity Linked Structured Products, you will be relying on the creditworthiness of the Equity Linked Structured Products issuer and of no other person. You have no rights under the terms and conditions of Equity Linked Structured Products against any issuer of any linked stock. If the relevant Equity Linked Structured Products issuer becomes insolvent or default on its obligations under the Equity Linked Structured Products, in the worst case scenario, you could lose all of your investment.
• Not the same as investing in linked stock - Investing in Equity Linked Structured Products is not the same as investing in the linked stock(s). Changes in the market price or level of any linked stock(s) may not lead to a corresponding change in the market value of, or your potential gain or loss under, the Equity Linked Structured Products.

Risk Disclosure of Investment Funds

• Investors should note that investments involve risks (including the possibility of loss of the capital invested), prices of fund units may go up as well as down and past performance information presented is not indicative of future performance. Investors should read the relevant fund's offering documents (including the full text of the risk factors stated therein (in particular those associated with investments in emerging markets for funds investing in emerging markets) in detail before making any investment decision.

Risk Disclosure of MaxiInterest Investment Deposit

• This is a structured product involving derivatives. The investment decision is yours but you should not invest in the MaxiInterest Investment Deposit 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. Investors should read the relevant Important Facts Statement, Terms and Conditions and risk disclosure statement before making any investment decision.
• Investors should note that this product is not capital protected and is not a normal time deposit, and thus should not be considered as normal time deposit or its alternative.
• Earnings on this product are limited to the nominal interest payable. As the principal and the earning will be paid in the Deposit Currency or the Linked Currency, whichever has depreciated against the other, investors will have to bear the potential losses due to currency depreciation, which may be substantial. If the product is withdrawn before maturity, investors will also have to bear the costs involved. Such losses and costs may reduce the earnings and the principal amount of this product. Investors should seek professional advice where necessary. The relevant Terms and Conditions of this product are available upon request to the staff of the Bank.
• This product is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
• Investment in this product is subject to the credit risk of the Bank.
• Renminbi (RMB) is subject to foreign exchange control by the PRC government and thus investors investing in the MaxiInterest Investment Deposit involving RMB are subject to the currency risk of RMB.

Risk Disclosure of Capital Protected Investment Deposit

• This is a structured product involving derivatives. The investment decision is yours but you should not invest in the Capital Protected Investment Deposit 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. Investor should read the Important Facts Statement of the relevant investment type, the relevant term sheet, Terms and Conditions and risk disclosure statement before making any investment decision.
• Investor should note that this product is not normal time deposit and thus should not be considered as normal time deposit or its alternative.
• This product is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
• Investment in this product is subject to the credit risk of the Bank.
• Renminbi (RMB) is subject to foreign exchange control by the PRC government and thus investors investing in the Currency-Linked Capital Protected Investment Deposit involving RMB are subject to the currency risk of RMB.

Important Risk Warnings for Securities Investments

• Investors should note that investment involves risks. The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. Investors should not only base on this material alone to make any investment decision, but should read in detail in the relevant risk disclosure statements.