You should read and understand the Bank’s Conditions for Services and all of the offering documents including the relevant term sheet, Important Facts Statement and the Investment Deposit Application Form, before deciding whether to invest in this product.

Product Features

• 100% Principal Protection – It is 100% principal protected if you hold this product till maturity^.
• Step-up Interest Rates – The interest rate is fixed for each Interest Period, and it will step up from the second Interest Period.
• Flexible Investment Choices – You can choose HKD, USD, CNY or other designated currencies as the Deposit Currency. The minimum deposit amount is as low as HKD50,000 or its equivalent in other currencies. A wide range of deposit periods are available for selection.
• Trading Channels – You can trade via designated branches and Internet Banking.
  Service hours: Mondays to Fridays, 9:00 a.m. – 5:00 p.m., except public holidays.

^ This product may be early terminated by the Bank pursuant to the terms set out in the term sheet.

For details, please visit any of BOCHK branches or call Customer Service Hotline at (852) 3988 2388.

Structured Deposits and Investment Deposits available for Application:

Important Notice
The following risk disclosure statements cannot disclose all the risks involved. Prior to trading or investment, you should collect and study the information required for your investment. You should carefully consider whether trading or investment is suitable in light of your own financial position and investment objectives. You should seek independent financial and professional advice before trading or investment. If you are uncertain of or have not understood any aspect of the following risk disclosure statements or the nature and risks involved in trading or investment, you should seek independent advice.

Risk Disclosure Statement

• Not a time deposit – Step-up Deposit is NOT equivalent to, nor should it be treated as a substitute for, traditional time deposit. An investor in traditional time deposit will not be exposed to the re-investment risk as a result of early termination by the Bank.
• Limited potential gain – The maximum potential gain is limited to the aggregate potential interest amount payable during the deposit period as prescribed in the term sheet of this product.
• Principal protection – Step-up Deposit is principal protected only at maturity or on early termination by the Bank pursuant to the terms set out in the term sheet of this product.
• Market risk – The return on Step-up Deposit is dependent on movements in interest rates which are affected by a number of factors including, national and international financial, economic, political and other conditions and events and may also be subject to intervention by central banks and other bodies.
• Liquidity risk – Step-up Deposit is designed to be held till maturity. Once the transaction for this product is confirmed, you will not be allowed to early withdraw or terminate or transfer any or all of your deposit before the maturity.
• Credit risk of the Bank – Step-up Deposit is not secured by any collateral. If you invest in this product, you will be taking the credit risk of the Bank. If the Bank becomes insolvent or defaults on its obligations under this product, you can only claim as an unsecured creditor of the Bank. You may suffer a substantial loss in your investment.
• Early termination by the Bank – The Bank has the right (but not the obligation) to terminate the Step-up Deposit on the Early Termination Date. If the Step-up Deposit is terminated by the Bank on the Early Termination Date, you will not get any return from the deposit from and after the Early Termination Date and you will be subject to re-investment risk.
• 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.
• RMB currency risk – RMB investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of RMB may result in losses in the event that the customer converts RMB into HKD or other foreign currencies. RMB is currently not fully freely convertible and Hong Kong personal residents conducting conversion of RMB through bank accounts are subject to a daily limit. Customers should allow time for exchange of RMB from/to another currency of an RMB amount exceeding the daily limit. Corporate customers or Non-Hong Kong residents that intend to conduct conversion of RMB with the Bank may occasionally not be able to do so fully or immediately, which is subject to the RMB position of the banks and their commercial decisions at that moment. Such kinds of customers ought to understand the limitation as well as its possible impact on their need of RMB fund in advance.