This product is a personal customer Euro-dollar exchange rate three-tier interval knock-out structured deposit, with a product term of 59 days, principal and income currency in RMB, a planned issuance of 40 million yuan, a fundraising period from May 15, 2023 to May 17, 2023 at 23:00, a value date of May 19, 2023, and a maturity date of July 17, 2023. This product is suitable for personal customers with risk assessment results of steady, balanced, growth and aggressive.
This document is the product description and confirmation letter (产品说明书及确认函) for Huashang Bank's personal customer structured deposit 2023 No. 018, linked to the EUR/USD spot exchange rate with a three-tier knock-out (bullish) derivative structure. The product runs 59 days, from the value date of May 19, 2023 to the maturity date of July 17, 2023, is denominated in RMB, and has a planned issue volume of 40 million yuan with a minimum purchase of 10,000 yuan.
The document explains the yield mechanism based on a single observation date (July 13, 2023): if the observed reference rate is at or above the upper observation bound the customer receives the expected maximum annual yield of 3.50%, if it falls within the observation range the mid-tier yield of 3.30% applies, and if it is at or below the lower bound the minimum yield of 1.35% applies. It also covers the subscription period, the 24-hour cooling-off period, scenario analysis, risk disclosure (risk level 2, medium-low), sales channels, information disclosure, and the risk assessment process for personal customers. This manual is written in Chinese.
| Product term | 59 days |
|---|---|
| Principal and yield currency | RMB |
| Planned issue volume | 40 million yuan |
| Minimum purchase and increment | 10,000 yuan, increments of 10,000 yuan |
| Value date | May 19, 2023 |
| Maturity date | July 17, 2023 |
| Linked underlying | EUR/USD spot exchange rate |
| Derivative structure | Three-tier knock-out (bullish) |
| Observation date | July 13, 2023 |
| Expected maximum annual yield | 3.50% |
| Expected mid-tier annual yield | 3.30% |
| Expected minimum annual yield | 1.35% |
| Risk level | Level 2 (medium-low risk) |
| Interest basis | Actual days outstanding / 365 |
| Early redemption | Not supported |
| Principal payment | 100% of principal paid |
No, the product cannot be redeemed before maturity.
The minimum purchase amount is 10,000 yuan, with additional amounts in increments of 10,000 yuan.
The observation date is July 13, 2023. If the observed reference is at or above the upper bound the maximum yield of 3.50% applies, if it is within the range the mid-tier yield of 3.30% applies, and if it is at or below the lower bound the minimum yield of 1.35% applies.
The product is risk level 2 (medium-low risk) and is suitable for personal customers whose risk assessment result is steady, balanced, growth, or aggressive type.