Hong Kong
The world's local bank
Capital Protected Investment Deposit (CPI) - Currency Linked III
How it works
- Deposit is linked to the performance of your chosen currency pair.
- A higher return will be earned at maturity if the foreign exchange rate moves in your anticipated direction as compared to the pre-set trigger rate upon fixing.
- A minimum return, usually comparable to time deposit rates, will be earned if otherwise.
Example
| Customer view | NZD/USD will appreciate to 0.778 or above one year later |
| Deposit currency | New Zealand Dollar (NZD) |
| Deposit period | 1 year |
| Linked exchange rate | NZD/USD |
| Trigger rate | 0.778 |
| Fixing | 11:10 am Wellington time, 2 Wellington business days before the maturity date |
| Upon maturity, customer receives |
109.27% of principal if NZD fix* at fixing is at or above 0.741
106.58% of principal if NZD fix* at fixing is below 0.741 |
* NZD fix is the spot rate for conversion of NZD into USD on Reuters Page RBNZ01.
