Investment involve risks, investors should read all of the programme circular and the relevant issue circular carefully before making any investment decision concerning any retail bonds (including iBond). Generally, the key risks of investing in retail bonds such as iBond included but not limited to interest rate risk, index risk, exchange rate risk, liquidity risk, credit risk and intermediary risk. The key benefits of such may involve strong credit of issuer, regular returns and higher interest rate etc. Please refer to the relevant issue circular and programme circular for details of risks and product features.

Generally, in applying for the iBond, investors will be required to make a series of confirmations and acknowledgements. These are set out in the issue circular. In particular, investors are deemed to confirm that investors are not located within the United States or Canada and are not a U.S. Person within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (which includes any person resident in the United States and any partnership or corporation organized or incorporated under the laws of the United States) or a resident of Canada; and investors are not acting as an agent of a U.S. Person or a resident of Canada. Investors should refer to the latest information on relevant issue circular and programme circular.

The buyer of iBond has to pay the seller the accrued interests calculated from the last interest payment date (last coupon date) to the settlement date. The accrued interest will be deducted from the account balance of the buyer on settlement date. Investors should refer to the latest information on relevant issue circular / programme circular and relevant interest rates announced by the HKSAR Government.