| Product Name |
Product Code |
Ccy |
Tenure |
Sales Window |
Risk Ranking* |
Capital Protected Investment
—
Basket of Greater China Indices Linked |
IN9A23 |
RMB |
2 Years |
20 Oct 2008
to
31 Oct 2008 |
1 |
- International investment:: Investment return is linked to the performance of a Basket of Greater China Indices Linked. Index linked：Hang Seng Index, Hang Seng China Enterprises Index, MSCI Taiwan Index
- Capital protection:100% capital protection upon maturity
- Quarterly Payout i:Principal amount of the Investment x Minimum Return Rate,if Barrieri is triggered during the Observation Periodi ;
Or
Principal amount of the Investment x (Minimum Return Rate + Bonus), if Barrieri is not triggered during the Observation Periodi
- Minimum Return Rate*: Indicative at 0.50%, subject to final determination by the Calculation Agent at its sole discretion to be within the range of 0.30% (inclusive) –0.70% (inclusive)
- Bonus: 2%
- Barrier i: In respect of Observation Period i, the Barrieri is triggered if the Index Performance of any Index in the Basket at any time during the Observation Period i is at or greater than the Upper Barrier Level i or is lower than or at the Lower Barrier Level i.
- Upper Barrier Leveli* /Lower Barrier Leveli*:
| Observation Period i |
Lower Barrier Level |
Upper Barrier Level |
| i=1 | 94% | 106% |
| i=2 | 91% | 109% |
| i=3 | 88% | 112% |
| i=4 | 85% | 115% |
| i=5 | 82% | 118% |
| i=6 | 79% | 121% |
| i=7 | 76% | 124% |
| i=8 | 73% | 127% |
- Quarterly Payout Payment Dates:Return in respect of an Observation Period will be paid on the 5th Business Day immediately following the end of such Observation Period. The first Quarterly Payout Payment Date is expected to be on or about 10 Feb 2009
- Initial Index Level:In relation to an Index, means the official closing level of that Index on the Strike Date (subject to “Consequences of Disrupted Days” as set out below), as determined by the Calculation Agent.
- Intraday Index level：In relation to an Index, means the index level of that Index at any time from (but excluding) Strike Date to and including the Final Valuation Date, as determined by the Calculation Agent.
- Index Performance: In relation to an Index, the percentage determined by the Calculation Agent in accordance with the following formula: (Intraday Index Level / Initial Index Level)
- Principal Redemption at Maturity:100% of the principal amount of the Investment will be redeemed on the CPI Maturity Date.
- Basket:
| J |
Index |
Exchange |
Bloomberg Code |
| 1 | Hang Seng Index | Hong Kong | HSI |
| 2 | Hang Seng China Enterprises Index | Hong Kong | HSCEI |
| 3 | MSCI Taiwan Index | SGX | TWY |
- Observation Period i：Quarterly, from (but excluding ) one Valuation Date to and including the next Valuation Date provided that the first Observation Period shall commence from (but excluding ) the Strike Date to and including the first Valuation Date.
The Observation Period i are currently expected to be:
| Observation Period i |
From(but excluding) Valuation Date i-1 |
To Valuation Date i (including Final Valuation Date) |
| i=1 | 3 Nov 2008 (Strike Date) | 3 Feb 2009 |
| i=2 | 3 Feb 2009 | 4 May 2009 |
| i=3 | 4 May 2009 | 3 Aug 2009 |
| i=4 | 3 Aug 2009 | 3 Nov 2009 |
| i=5 | 3 Nov 2009 | 3 Feb 2010 |
| i=6 | 3 Feb 2010 | 3 May 2010 |
| i=7 | 3 May 2010 | 3 Aug 2010 |
| i=8 | 3 Aug 2010 | 3 Nov 2010 |
- Valuation Date i: The date falling 3 months after the Strike Date and quarterly thereafter, or if any such date is not a Scheduled Trading Day in respect of any Index in the Basket, the immediately following Scheduled Trading Day for all Indices in the Basket (subject to “Consequences of Disrupted Days” as set out below).
|
*Risk Rating - Risk Rating 1 is Low, 5 is high.
| Customer Risk Appetite |
Secure |
Cautious |
Balanced |
Adventurous |
Speculative |
| Risk Level of Applicable Investment Products |
1 |
1-2 |
1-3 |
1-4 |
1-5 |
|
Risk Disclosure
Capital protected investment product entails investment risks. Investor will only retain return on the product as per the express stipulation of applicable terms and conditions. Investors should fully understand the investment risk and act prudently in making the investment decision. This product should not be treated as a normal term deposit or a substitute there of. Investors should be prepared to take the risk of earning a comparatively low return or even no return on the money invested.
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