|*Please read the disclaimers regarding Hang Seng Index in the listing documents.
This publication is issued by BNP Paribas Hong Kong Branch and does not constitute any recommendation, invitation, offer or solicitation to purchase or sell structured products. The Structured Products are non-collateralised product. If the Issuer or the Guarantor is insolvent or defaults, you may not recover part or all of the amount due. The price of structured products may fall in value as rapidly as it may rise and investors may sustain a total loss of their investment. Past performance of the underlying is not an indication of future performance. Callable bull / bear contracts (“CBBCs”) have a mandatory call feature and may be early terminated, in which case: (i) Category N CBBCs investors will not receive any cash payment; and (ii) Category R CBBCs investors may receive a cash payment called the Residual Value, which may be zero. Investors should carefully study the risk factors relating to the structured products and make their own risk assessment, and where necessary, seek professional advice. Investors should read all the information relating to the relevant structured products contained in the base listing document (including any addendum to the base listing document) and the supplemental listing document. BNP Paribas Securities (Asia) Limited, as the liquidity provider of the structured products, may be the only market participant for the structured products. BNP Paribas Securities (Asia) Limited, BNP Paribas Hong Kong Branch and their affiliates make no representations or warranties as to (i) whether the structured products will be listed on the scheduled listing date; and (ii) the liquidity of the structured products subsequent to its listing.