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Structured Products are non-collateralised products. If the Issuer and its guarantor are insolvent or default, investors may not recover part or all of the amount due. The warrants and callable bull/bear contracts are structured products which involve derivatives. Do not invest in them unless you fully understand and are willing to assume the risks associated with them.
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Non-collateralised Structured Products
與窩輪一樣，牛熊證均具有槓桿效應，可助投資者以較少本金捕捉相關資產走勢，為適合短線操作的槓桿投資工具。牛熊證最大特點是設有「強制收回」機制，如相關資產價格跌穿牛證收回價; 或升穿熊證的收回價，便會觸發強制收回機制而即時停止買賣，不論往後相關資產價格走勢如何，該牛熊證也不會恢復交易，投資者需明白箇中風險。
如看好相關資產價格或將上升，可選擇牛證。當相關資產價格上升，假設其他因素不變，牛證的理論價格會上升。
如看淡相關資產價格或將下跌，則可選擇熊證。當相關資產價格下跌，假設其他因素不變，熊證理論價格會上升。
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