FX Linked Deposit - Principal Protected Deposit

Invest with principal protection and maximize potential return

Important Notes:
-FX Linked Deposit - Principal Protected Deposit is a structured product involving derivatives. The investment decision is yours but you should not invest in FX Linked Deposit - Principal Protected 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.
-FX Linked Deposit - Principal Protected Deposit is principal-protected conditionally and subject to the credit risk of the Bank. It is not equivalent to or an alternative of time deposits. It is not a protected deposit, and is not protected by the Deposit Protection Scheme in Hong Kong.

With Principal Protected Deposit, you can enjoy higher potential return if the currency movement matches your expectation. The principal is 100% protected regardless of how the exchange rate performs. Principal Protected Deposit is a flexible investment tool that balances your risk and return.

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Capture Higher Potential Return with Principal Protection

  • Higher Potential Interest Income

    Enjoy higher potential return than conventional time deposits.

  • 100% Principal Protection

    Get back 100% of the principal amount upon deposit maturity regardless of whether the currency pair moves according to your view.

  • Promised Minimum Return*

    Receive a minimum return even though the exchange rate does not move along with your expectation.

  • No Currency Conversions

    Get back the principal and receive the interest* in the deposit currency at maturity.

  • A Wide Variety of Currencies for Selection

    Choose from 10 currencies - AUD, CAD, CHF, CNH, CNY, EUR, GBP, HKD, JPY, NZD and USD to form over 70 combinations of currency pairs#.

  • Tenor at Your Choice

    Set the investment tenor according to your view and need. It can be as short as 1 week or as long as 1 year.

  • No Fees or Charges

    Invest without any fees or charges to maximize your return.

  • Open an Account Online Anytime

    Open an FX Linked Deposit Account via Online Banking anytime you want.

Product Structure

If the relevant exchange rate moves along with your view, you will get back the principal and receive high interest on the maturity date.
Conversely, if the relevant exchange rate moves against your view, you will get back the principal and receive low interest (if any)* on the maturity date.
Regardless of how the exchange rate performs, you will get back the principal on the maturity date.

The Return on Maturity Date

The picture above is not drawn to scale.

Multiple Deposit Types

Pick the deposit type that matches your forecast of the relevant exchange rate.

Range Bound Trending
  • American Range
  • European CNH/CNY Bullish
  • European CNH Step-up Bullish
  • European CNH Bearish
  • American Bullish
  • American Bearish

Learn more about Deposit Types

Apply Online Hotline +852 2903 8343 Visit Our Branches

The above product is bound by the related terms and conditions. Please contact our staff for details.

* Promised minimum return (low interest) applies to certain tranches only. Please refer to the relevant term sheets for details.

# Certain types of Principal Protected Deposit have limited currencies pairs. Please refer to the relevant Important Facts for details.

Risk Disclosure
The principal protection feature is only applicable if this product is held to maturity.
Investment involves risks. The prices of investment products fluctuate, sometimes dramatically, and may become valueless. Investors should not invest based on this web page alone. Before making any investment decisions, customers must consult their own independent financial advisors and read the relevant offering documents for further details including the risk factors in order to ensure that they fully understand the risks associated with the investment products.

FX Linked Deposit - Principal Protected Deposit (“FXLD”)
The FXLD is an unlisted investment product and subject to the credit and insolvency risks of the Bank. Its return is limited to the interest payable, which will be dependent on movements in some linked exchange rate. Whilst the possible return may be higher than conventional time deposits, it is normally associated with higher risks. Exchange rates are affected by a wide range of factors, including international finance, economics, politics, central banks and other bodies’ intervention and natural events, and may rise or fall rapidly. The FXLD is principal-protected but is not the same as directly buying the currencies of the currency pair. It is not protected by the Investor Compensation Fund. If the FXLD is approved by the Bank to be withdrawn before its maturity, the customer may also need to bear the costs involved which may reduce the return and the principal amount of the FXLD he may get back. There is no secondary market for the FXLD and it is not collateralized. The Bank can early terminate the FXLD.

RMB Currency Risk
RMB is subject to the PRC government's control (for example, exchange restrictions). Besides, there is no guarantee that RMB will not depreciate. If customers convert Hong Kong Dollar or any other currency into RMB so as to invest in RMB denominated investment products and subsequently convert the RMB redemption proceeds back into Hong Kong Dollar or any other currency, you may suffer a loss if RMB depreciates against Hong Kong Dollar or other currency.

Disclaimer
This web page does not constitute advice to buy or sell, or an offer with respect to any investment products. This web page and the Principal Protected Deposit abovementioned are issued by China Construction Bank (Asia) Corporation Limited which is a licensed bank regulated by the Hong Kong Monetary Authority. This web page has not been reviewed by any regulatory authorities in Hong Kong.


Disclaimer of Online Investment Trading Services

Multiple Deposit Types

Please select a deposit type below to learn more:

Range Bound Trending

American Range

Range Bound
American Range Principal Protected Deposit is an FX Linked Deposit that pays:

high interest if the spot exchange rate of the designated Currency Pair trades within a pre-determined range (above the Floor Rate and below the Ceiling Rate) during the entire pre-determined period (“Fixing Period”); or

low interest if the spot exchange rate of the designated Currency Pair trades beyond a pre-determined range (below the Floor Rate or above the Ceiling Rate) at any time during the Fixing Period.


Customer’s View Expect AUD/USD to trade within 0.6805 and 0.8805 during the next 6 months (low volatility of AUD/USD)
Deposit Currency AUD
Currency Pair AUD/USD
Principal Amount AUD100,000
Deposit Period 6 months
Ceiling Rate 0.6805
Floor Rate 0.8805
High Interest Rate 8% per annum
Low Interest Rate 1% per annum

The investment return depends on the AUD/USD spot exchange rate during the Fixing Period:


Scenario Payoff at Maturity
BEST
The exchange rate moves along with Customer's View.		 During the entire Fixing Period, AUD/USD trades within 0.6805 and 0.8805 and never touches or goes beyond 0.6805 and 0.8805. Principal + high interest
=AUD100,000 + AUD4,000
=AUD104,000
Worst
The exchange rate moves against Customer's View.		 At any time during the Fixing Period, AUD/USD touches or goes beyond 0.6805 and 0.8805. Principal + low interest
=AUD100,000 + AUD500
=AUD100,500

If the bank becomes insolvent or defaults on its obligations, the customer may get nothing back and suffer a total loss of the Principal Amount.

Payoff Diagram

Payoff Diagram


If the bank becomes insolvent or defaults on its obligations, the customer may get nothing back and suffer a total loss of the Principal Amount.

In addition to the movement of the linked Currency Pair, if the customer’s home currency is not the Deposit Currency, the customer’s total realized gain or loss (in terms of the home currency) will also depend on the fluctuation of the exchange rate between the Deposit Currency and the customer’s home currency. If the Deposit Currency depreciates against the customer’s home currency, the potential loss arising from such exchange rate movement may offset (or even exceed) the potential return received from the product. To the extreme, if the Deposit Currency becomes valueless on the Maturity Date, then the customer will still suffer total loss (i.e. 100% loss) when the customer converts the maturity proceeds back to the customer’s home currency on the Maturity Date. Conversely, if the Deposit Currency appreciates against the customer’s home currency, the potential profit arising from such exchange rate movement may enhance the customer’s total realized return.


The graph showing return rate

X: Breakeven point when the loss arising from the exchange rate fluctuation offsets the high interest return revenue from the product
* Gain/loss return only due to the exchange rate fluctuation of the customer’s home currency against the Deposit Currency

View the Important Facts^ to learn more about the product.

European CNH/CNY Bullish

Trending
European CNH/CNY Bullish 100% Principal Protected is an FX Linked Deposit that pays:

high interest if the spot exchange rate of USD/CNH (for European CNH Bullish) or USD/CNY (for European CNY Bullish) trades at or below a pre-determined rate (“Trigger Rate”) at a pre-determined time (“Fixing Time”) on a pre-determined date (“Fixing Date”); or

low interest if the spot exchange rate of USD/CNH (for European CNH Bullish) or USD/CNY (for European CNY Bullish) trades above the Trigger Rate at the Fixing Time on the Fixing Date.


Customer’s View Expect USD/CNH to trade at or below 6.2814 after 1 year (bullish on CNH)
Deposit Currency RMB
RMB Currency Pair USD/CNH
Principal Amount RMB100,000
Deposit Period 1 year
Trigger Rate 6.2914
High Interest Rate 6% per annum
Low Interest Rate 1% per annum

The investment return depends on the USD/CNH spot exchange rate at the Fixing Time on the Fixing Date (“Fixing Exchange Rate”):

Scenario Payoff at Maturity
BEST
The exchange rate moves along with Customer's View.		 At the Fixing Time on the Fixing Date, USD/CNH trades at or below 6.2914. Principal + high interest
=RMB100,000 + RMB6,000
=RMB106,000
Worst
The exchange rate moves against Customer's View.		 At the Fixing Time on the Fixing Date, USD/CNH trades above 6.2914 Principal + low interest
=RMB100,000 + RMB1,000
=RMB101,000

Payoff Diagram

Payoff Diagram


If the bank becomes insolvent or defaults on its obligations, the customer may get nothing back and suffer a total loss of the Principal Amount.

In addition to the movement of the linked Currency Pair, if the customer’s home currency is not the Deposit Currency, the customer’s total realized gain or loss (in terms of the home currency) will also depend on the fluctuation of the exchange rate between the Deposit Currency and the customer’s home currency. If the Deposit Currency depreciates against the customer’s home currency, the potential loss arising from such exchange rate movement may offset (or even exceed) the potential return received from the product. To the extreme, if the Deposit Currency becomes valueless on the Maturity Date, then the customer will still suffer total loss (i.e. 100% loss) when the customer converts the maturity proceeds back to the customer’s home currency on the Maturity Date. Conversely, if the Deposit Currency appreciates against the customer’s home currency, the potential profit arising from such exchange rate movement may enhance the customer’s total realized return.

The graph showing return rate

X: Breakeven point when the loss arising from the exchange rate fluctuation offsets the high interest return revenue from the product
* Gain/loss return only due to the exchange rate fluctuation of the customer’s home currency against the Deposit Currency

View the Important Facts^ to learn more about the product.

European CNH Step-up Bullish

Trending
European CNH Step-up Bullish 100% Principal Protected is an FX Linked Deposit that pays:

step up interest if the spot exchange rate of USD/CNH trades at or below the pre-determined Step up Trigger Rate at a pre-determined time (“Fixing Time”) on a pre-determined date (“Fixing Date”); or

high interest (lower than the step up interest) if the spot exchange rate of USD/CNH trades at or below the pre-determined Trigger Rate but above the Step up Trigger Rate at the Fixing Time on the Fixing Date; or

low interest if the spot exchange rate of USD/CNH trades above the Trigger Rate at the Fixing Time on the Fixing Date.


Customer’s View Expect USD/CNH to trade at or below 6.2844 after 1 year and even arrive at 6.2594 or below (bullish on CNH)
Deposit Currency RMB
Currency Pair USD/CNH
Principal Amount RMB100,000
Deposit Period 1 year
Step Up Trigger Rate 6.2594
Trigger Rate 6.2844
Step Up Interest Rate 9.39% per annum
High Interest Rate 3.5% per annum
Low Interest Rate 0.5% per annum

The investment return depends on the USD/CNH spot exchange rate at the Fixing Time on the Fixing Date (“Fixing Exchange Rate”):

Scenario Payoff at Maturity
BEST
The exchange rate moves very well along with Customer's View.		 At the Fixing Time on the Fixing Date, USD/CNH trades at or below 6.2594. Principal + step up high interest
=RMB100,000 + RMB9,390
=RMB109,390
Middle
The exchange rate moves along with Customer’s View.		 At the Fixing Time on the Fixing Date, USD/CNH trades at or below 6.2844 but above 6.2594. Principal + high interest
=RMB100,000 + RMB3,500
=RMB103,500
Worst
The exchange rate moves against Customer's View.		 At the Fixing Time on the Fixing Date, USD/CNH trades above 6.2844. Principal + low interest
=RMB100,000 + RMB500
=RMB100,500

Payoff Diagram

Payoff Diagram


If the bank becomes insolvent or defaults on its obligations, the customer may get nothing back and suffer a total loss of the Principal Amount.

In addition to the movement of the linked Currency Pair, if the customer’s home currency is not the Deposit Currency, the customer’s total realized gain or loss (in terms of the home currency) will also depend on the fluctuation of the exchange rate between the Deposit Currency and the customer’s home currency. If the Deposit Currency depreciates against the customer’s home currency, the potential loss arising from such exchange rate movement may offset (or even exceed) the potential return received from the product. To the extreme, if the Deposit Currency becomes valueless on the Maturity Date, then the customer will still suffer total loss (i.e. 100% loss) when the customer converts the maturity proceeds back to the customer’s home currency on the Maturity Date. Conversely, if the Deposit Currency appreciates against the customer’s home currency, the potential profit arising from such exchange rate movement may enhance the customer’s total realized return.

The graph showing return rate

X&Y: Breakeven point when the loss arising from the exchange rate fluctuation offsets the high interest return revenue from the product
* Gain/loss return only due to the exchange rate fluctuation of the customer’s home currency against the Deposit Currency

View the Important Facts^ to learn more about the product.

European CNH Bearish

Trending
European CNH Bearish 100% Principal Protected is an FX Linked Deposit that pays:

high interest if the spot exchange rate of USD/CNH trades at or above a pre-determined rate (“Trigger Rate”) at a pre-determined time (“Fixing Time”) on a pre-determined date (“Fixing Date”); or

low interest if the spot exchange rate of USD/CNH trades below the Trigger Rate at the Fixing Time on the Fixing Date.


Customer’s View Expect USD/CNH to trade at or above 6.2754 after 1 month (bearish on CNH)
Deposit Currency RMB
Currency Pair USD/CNH
Principal Amount RMB100,000
Deposit Period 1 month
Trigger Rate 6.2754
High Interest Rate 7% per annum
Low Interest Rate 0% per annum

The investment return depends on the USD/CNH spot exchange rate at the Fixing Time on the Fixing Date (“Fixing Exchange Rate”):

Scenario Payoff at Maturity
BEST
The exchange rate moves along with Customer's View.		 At the Fixing Time on the Fixing Date, USD/CNH trades at or above 6.2754. Principal + high interest
=RMB100,000 + RMB583
=RMB100,583
Worst
The exchange rate moves against Customer's View.		 At the Fixing Time on the Fixing Date, USD/CNH trades below 6.2754. Principal + low interest
=RMB100,000 + RMB0
=RMB100,000

Payoff Diagram

Payoff Diagram


If the bank becomes insolvent or defaults on its obligations, the customer may get nothing back and suffer a total loss of the Principal Amount.

In addition to the movement of the linked Currency Pair, if the customer’s home currency is not the Deposit Currency, the customer’s total realized gain or loss (in terms of the home currency) will also depend on the fluctuation of the exchange rate between the Deposit Currency and the customer’s home currency. If the Deposit Currency depreciates against the customer’s home currency, the potential loss arising from such exchange rate movement may offset (or even exceed) the potential return received from the product. To the extreme, if the Deposit Currency becomes valueless on the Maturity Date, then the customer will still suffer total loss (i.e. 100% loss) when the customer converts the maturity proceeds back to the customer’s home currency on the Maturity Date. Conversely, if the Deposit Currency appreciates against the customer’s home currency, the potential profit arising from such exchange rate movement may enhance the customer’s total realized return.

The graph showing return rate

X: Breakeven point when the loss arising from the exchange rate fluctuation offsets the high interest return revenue from the product
* Gain/loss return only due to the exchange rate fluctuation of the customer’s home currency against the Deposit Currency

View the Important Facts^ to learn more about the product.

American Bullish

Trending
American Bullish 100% Principal Protected is an FX Linked Deposit that pays:

high interest if the spot exchange rate of the designated Currency Pair moves along with the customer’s view at any time during a pre-determined period (“Observation Period”); or

low interest if the spot exchange rate of the designated Currency Pair moves against the customer’s view during the entire Observation Period.


Customer’s View Expect EUR/USD to ever trade at or above 1.0728 during the next 1 month (bullish on EUR and bearish on USD)
Deposit Currency EUR
Currency Pair EUR/USD
Principal Amount EUR100,000
Deposit Period 1 month
Trigger Rate 1.0728
High Interest Rate 6% per annum
Low Interest Rate 1% per annum

The investment return depends on the EUR/USD spot exchange rate during the Observation Period:

Scenario Payoff at Maturity
BEST
The exchange rate moves along with Customer's View.		 At any time during the Observation Period, EUR/USD ever trades at or above 1.0728. Principal + high interest
=EUR100,000 + EUR500
=EUR100,500
Worst
The exchange rate moves against Customer's View.		 During the entire Observation Period, EUR/USD trades below 1.0728. Principal + low interest
=EUR100,000 + EUR83
=EUR100,083

Payoff Diagram

Payoff Diagram


If the bank becomes insolvent or defaults on its obligations, the customer may get nothing back and suffer a total loss of the Principal Amount.

In addition to the movement of the linked Currency Pair, if the customer’s home currency is not the Deposit Currency, the customer’s total realized gain or loss (in terms of the home currency) will also depend on the fluctuation of the exchange rate between the Deposit Currency and the customer’s home currency. If the Deposit Currency depreciates against the customer’s home currency, the potential loss arising from such exchange rate movement may offset (or even exceed) the potential return received from the product. To the extreme, if the Deposit Currency becomes valueless on the Maturity Date, then the customer will still suffer total loss (i.e. 100% loss) when the customer converts the maturity proceeds back to the customer’s home currency on the Maturity Date. Conversely, if the Deposit Currency appreciates against the customer’s home currency, the potential profit arising from such exchange rate movement may enhance the customer’s total realized return.

The graph showing return rate

X: Breakeven point when the loss arising from the exchange rate fluctuation offsets the high interest return revenue from the product
* Gain/loss return only due to the exchange rate fluctuation of the customer’s home currency against the Deposit Currency

View the Important Facts^ to learn more about the product.

American Bearish

Trending
American Bearish 100% Principal Protected is an FX Linked Deposit that pays:

high interest if the spot exchange rate of the designated Currency Pair moves along with the customer’s view at any time during a pre-determined period (“Observation Period”); or

low interest if the spot exchange rate of the designated Currency Pair moves against the customer’s view during the entire Observation Period.


Customer’s View EUR/USD to ever trade at or below 1.0328 during the next 1 month (bearish on EUR and bullish on USD)
Deposit Currency EUR
Currency Pair EUR/USD
Principal Amount EUR100,000
Deposit Period 1 month
Trigger Rate 1.0328
High Interest Rate 6% per annum
Low Interest Rate 0.5% per annum

The investment return depends on the EUR/USD spot exchange rate during the Observation Period:

Scenario Payoff at Maturity
BEST
The exchange rate moves along with Customer's View.		 At any time during the Observation Period, EUR/USD ever trades at or below 1.0328. Principal + high interest
=EUR100,000 + EUR500
=EUR100,500
Worst
The exchange rate moves against Customer's View.		 During the entire Observation Period, EUR/USD trades above 1.0328. Principal + low interest
=EUR100,000 + EUR42
=EUR100,042

Payoff Diagram

Payoff Diagram


If the bank becomes insolvent or defaults on its obligations, the customer may get nothing back and suffer a total loss of the Principal Amount.

In addition to the movement of the linked Currency Pair, if the customer’s home currency is not the Deposit Currency, the customer’s total realized gain or loss (in terms of the home currency) will also depend on the fluctuation of the exchange rate between the Deposit Currency and the customer’s home currency. If the Deposit Currency depreciates against the customer’s home currency, the potential loss arising from such exchange rate movement may offset (or even exceed) the potential return received from the product. To the extreme, if the Deposit Currency becomes valueless on the Maturity Date, then the customer will still suffer total loss (i.e. 100% loss) when the customer converts the maturity proceeds back to the customer’s home currency on the Maturity Date. Conversely, if the Deposit Currency appreciates against the customer’s home currency, the potential profit arising from such exchange rate movement may enhance the customer’s total realized return.

The graph showing return rate

X: Breakeven point when the loss arising from the exchange rate fluctuation offsets the high interest return revenue from the product
* Gain/loss return only due to the exchange rate fluctuation of the customer’s home currency against the Deposit Currency

View the Important Facts^ to learn more about the product.
Apply Online Hotline +852 2903 8343 Visit Our Branches

The hypothetical cases above are for illustration only and are not indicative of the actual performance of the relevant products.

The above product is bound by the related terms and conditions. Please contact our staff for details.

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Risk Disclosure
The principal protection feature is only applicable if this product is held to maturity.
Investment involves risks. The prices of investment products fluctuate, sometimes dramatically, and may become valueless.Investors should not invest based on this web page alone. Before making any investment decisions, customers must consult their own independent financial advisors and read the relevant offering documents for further details including the risk factors in order to ensure that they fully understand the risks associated with the investment products.

FX Linked Deposit - Principal Protected Deposit (“FXLD”)
The FXLD is an unlisted investment product and subject to the credit and insolvency risks of the Bank. Its return is limited to the interest payable, which will be dependent on movements in some linked exchange rate. Whilst the possible return may be higher than conventional time deposits, it is normally associated with higher risks. Exchange rates are affected by a wide range of factors, including international finance, economics, politics, central banks and other bodies’ intervention and natural events, and may rise or fall rapidly. The FXLD is principal-protected but is not the same as directly buying the currencies of the currency pair. It is not protected by the Investor Compensation Fund. If the FXLD is approved by the Bank to be withdrawn before its maturity, the customer may also need to bear the costs involved which may reduce the return and the principal amount of the FXLD he may get back. There is no secondary market for the FXLD and it is not collateralized. The Bank can early terminate the FXLD.

RMB Currency Risk
RMB is subject to the PRC government's control (for example, exchange restrictions). Besides, there is no guarantee that RMB will not depreciate. If customers convert Hong Kong Dollar or any other currency into RMB so as to invest in RMB denominated investment products and subsequently convert the RMB redemption proceeds back into Hong Kong Dollar or any other currency, you may suffer a loss if RMB depreciates against Hong Kong Dollar or other currency.

Disclaimer
This web page does not constitute advice to buy or sell, or an offer with respect to any investment products. This web page and the Principal Protected Deposit abovementioned are issued by China Construction Bank (Asia) Corporation Limited which is a licensed bank regulated by the Hong Kong Monetary Authority. This web page has not been reviewed by any regulatory authorities in Hong Kong.


Disclaimer of Online Investment Trading Services