Structured Product Investment Guide

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Stocks Dependent Investment (ELI) What is it all about? New Chantou's investment strategy!

Against the backdrop of the decline of the Hong Kong dollar (HIBOR) and the depreciation of Bank Reserve Rates, the structural products of Equity Linked Investment (ELI) for higher yields+BP prices are taken into account, while FCN (Fixed Ticket), Fixed Coupon Note acts as a part of the variety to absorb the benefits and dynamics of the market Hot spot.
Others Invest Most Dividends in Fixed Income Products, Lossy Funds to Purchase Commodities, and Specific Stocks, with Higher Dips in Reports, Sectors Can Be Guaranteed, Choose Sentiment and Trade More Favorable, Relative to Non-Guaranteed, Market Momentum, Volatility and Issuance of Human Credit-related Risks, Common Products Including the Swallowtail Structured Ticket and the equivalent of a $2 Structured Ticket Guarantee type product.
Currently, Futubull-backed non-professional investors have invested HK$0.1 million or US$0.015 million, and the first purchase of FCN structured products is free of charge of $200.

The collapse of the Hong Kong dollar (HIBOR) has continued downward since the beginning of May, as many banks have set reserve rates to shrink. Investors should be looking for other investment products with higher stability. Unlike traditional fixed income products, FCN (Fixed Ticket Price) is a structural tool of this type higher and stronger suction power — it maintains the stable floor of fixed tickets, while investors have the opportunity to obtain excess profits through hooking up with stocks, while investors have the opportunity to obtain tickets, at the same time DISCOUNTED SHIPPING RATES DURING THE FALL. ON THE OTHER HAND, THE STRUCTURE OF FCN IS NOT THE SAME; IT IS NECESSARY TO UNDERSTAND THE DETAILS OF ITS OPERATION BEFORE INVESTING, AND OTHER RULES NEED TO BE STUDIED IN DETAIL.

This article introduces the characteristics of Stocks linked investments, the risks to be aware of when investing, and provides practical lessons, and highlights the related characteristics of FCN (Fixed Ticketing).

What is a Stocks Binding Investment?

Equities Linked Investments (ELI) is one of the typesStructured Investment ProductsOther returns generally depend on the appearance of specific Stocks. Like the core FCN, these instruments typically invest most of their funds in Fixed Income Assets (such as Bonds and Hedge Bonds), using the money to buy life tools, allowing investors to dive into returns in times of market volatility or volatility. Stocks linked to bonds typically offer higher upside gains, regardless of the risk of any opponent. FCN is able to combine the upside opportunities from stock price movements through a structural design based on fixed bills+profitable returns.

INVESTORS CAN CHOOSE GUARANTEED/NON-GUARANTEED HONG KONG STOCKS OR US EQUITIES, CHOOSE A LIFETIME INVESTMENT TERM (USUALLY 3 MONTHS TO 3 YEARS), AND CAN CHOOSE WHETHER 100% CAPITAL PROTECTION IS REQUIRED BASED ON PERSONAL RISK. The FCN (Fixed Ticket) serves as an important subdivision of the Stock Binding Investment, especially suitable for investors who are anxious to spread out investment combinations and track the health of fixed tickets and want to seize opportunities in the Stock Market.

Here are the advantages of investing in stocks

  • Higher Dive in Report:Stocks are linked to the performance of Linked Stocks and the performance of Linked Stocks, and investors can reap higher returns.

  • Capital Protection Mechanism: Some products have 100% coverage at maturity or a partial guarantee mechanism (such as 90% to 100%) to mitigate the risk of loss of capital due to market falls.

  • Flexible choice: Individual professional investors can also customize their investment products, choose to link one or more Hong Kong or US stocks, and adjust the investment period and product structure as needed.

  • Flexible Trading Platform:With the Futubull App, investors can create and manage Stocks linked investments at any time during specified trading stages, including various FCN products and structured products related to fixed tickets.

Investing in Stocks Underlying Investment Risks

Stocks are likely to be affected by the provision of stimulus, but investors should be aware of the following risks:

  • Non-Guaranteed Risks: Unsecured Stocks may result in a cash loss, and in the event of a fall in the price of Linked Stocks to a quarter, investors may incur a loss of cash for the entire loss.

  • Risk of Market Volatility: Reactions depend on the performance of Linked Stocks, and market price fluctuations may lead to a reaction that is not expected.

  • Volatility Risk: Stocks are designed to last until maturity, and a mid-price discount may occur before selling.

  • Issuer Credit Risk: Since the investor's principal and return ultimately depend on the issuer's ability to perform, any credit problems with the issuer may affect the security and return on payments of the invested capital.

Before investing, investors are advised to conduct a risk assessment to ensure that the product meets their financial situation and investment objectives.

Stocks and Investment Products (ELI) Case Studies

Shark Fin Structure Bills

Swallowtail structural tickets are named after the Guaranteed Structural Tickets, due to the shape of a tapeworm on the surface of the other curved lines. The most common type is the Bull Knock out PBPR ELI, which is a variant of the FCN (Fixed Ticket Banner), which is added to the base of the fixed ticket, with the addition of a stock stocks-roll mount on the base of the fixed ticket, which benefits from the upper limit and symbol.

  • HOW IT WORKS: THE CORE OF INSURED NOTES LIES IN THE COMBINATION OF FIXED INCOMES+DERIVATIVES

    • Capital Protection: Invest most of your funds in Fixed Income Assets such as Interest-Rate Bonds or Deposits to ensure the full return of the funds over time.

    • Earnings Strengthening: Investing money to buy commodities, if the symbol Asset Assets go up, Investors can raise, and Investors can share in the Decrease in Share Income, so only the investment in the Commodities division is lost.

  • INVESTMENT SCENARIOS: PERFORM BETTER IN TURBULENT OR MODERATELY RISING MARKETS, SUITABLE FOR INVESTORS SEEKING STABILITY WHOSE RISK-RETURN CHARACTERISTICS ARE BETWEEN PURE FCN PRODUCTS AND TRADITIONAL FIXED RATE BILLS.

  • Product Design: Taking the example of “Bullish Shark Fin Structure on May 9, 2025", we first understand its core elements and revenue patterns.

Taking the example of “Bullish Shark Fin Structure on May 9, 2025
Taking the example of “Bullish Shark Fin Structure on May 9, 2025", let's first understand its core elements and revenue patterns
Futui launches a structural product backed by Hong Kong shares, 100% to term cash guarantee, to enter the market as low as HK$0.1 million, up to 8% annualized revenue*!
If you purchase a FCN structural product available for retail for the first time in Futu, after the product has been successfully launched, you will receive a fee of $200 free of charge and send it to the customer's account in the form of a cash voucher

*Maximum 8% annualized revenue (4% actual revenue from 6 monthly limited-time products) is the highest annualized revenue from Futu Platform offering structured products, the data is as of May 22, 2025. Benefit data is provided only by reference, through the data and does not predict unearned income. Ageing income=actual income/fixed-term limitedx 12. AGEING BENEFITS ARE ATTRIBUTABLE ONLY TO THE NATURE OF THE HOLIDAY, AND ARE NOT ACTUALLY REPORTED.

Binary Structured Bills

The structure of USD 2 is based on the Guaranteed Type FCN (Fixed Ticket Exchange Variable). Depending on the appearance of Linked Assets, there will be two types of fixed tickets+contractual excess income or fixed ticket only. This type of income of USD 2 will be used as the hot choice in the heat and under the market. The most common is the Potential Bullish Coupon Enhancement ELI, which also benefits from a simpler structure.

  • Principle of operation: Similar to shark fin structure, also divided into two parts “Premium Book” and “Floating Yield”. However, the binary structure is simpler, with only one highest gain and minimum return.

  • Investment Outlook: Suitable for hot and bullish markets, suitable for flat investors, hedging the downside risk of underwriting. We begin to understand the essence of it and the profit model

  • Product Design: The following is an example of bullish binary structure, let's first understand its core elements and revenue patterns

Bullish binary structure as an example, let's first understand its core elements and yield patterns
Bullish binary structure as an example, let's first understand its core elements and yield patterns

How to Participate in Stocks and Invest in Hong Kong?

Futui offers the latest retail structural products, the core of which are FCN (Fixed Ticketing) and other variants (such as Catfish Sticks with Stocks and $2 Structured Products), can be purchased for HK$0.1 million or US$0.015 million. Non-professional investors can participate! For example, you can trade on Futubull, for example, in the case of a fish stock structure and a $2 structured product.

Futu to offer the latest retail structural products
Futu to offer the latest retail structural products

How to Buy Investments Linked to Stocks in Futu (ELI)?

  1. Open a full account on Futu online. New customer offers are now open to more than half a dozen new rewards in Futu!(Open your account now)

  2. Enter the Futubull APP, select the Discovery Channel, Spot the Finance Channel, and you can see a variety of structural products.

  3. inStocks Linked Investment Products (ELI)Select the products you intend to subscribe to, such as Shark Fin Structure Bills, Binary Structured Bills

  4. Select the product to complete the purchase, and after the purchase is completed, you can see the product Hold Positions on the relevant Account page.

Frequency Asked Questions
What is Equity Linked Investment?
Equity-linked investments (ELI) are a structured investment product whose returns are often linked to the performance of a particular stock. These investment vehicles typically invest most of their money in fixed income products (such as bonds to hedge principal), with the remainder used to purchase derivatives to give investors the opportunity to capture potential returns when the market fluctuates or is flat.
What are Binary Structured Bills?
BINARY STRUCTURED NOTES ARE ALSO INSURED STRUCTURED PRODUCTS. DEPENDING ON THE PERFORMANCE OF THE LINKED ASSET, TWO DIFFERENT YIELD RESULTS ARE OBTAINED. THIS “YIELD STRUCTURE EMBODIES “BINARY CHARACTERISTICS” AND IS THEREFORE KNOWN AS BINARY STRUCTURED NOTES.
What are Shark Fin Structured Bills?
Shark fin structural notes are insured structural notes and are known for their yield curves like the shape of a shark on the surface of the water. The most common type is Bull Knock out PBPR ELI
Can a third-party platform subscribe to ELI (Stock-Linked Investment Products)?
Futui launches a structural product backed by Hong Kong shares, 100% up to term cash guarantee, as low as HK$0.1 million now!
Limited time offer is available for a first purchase of retail structured products before June 22 and receive a $200 fee reduction (issued in the form of a cash voucher)! >>Check it out now <<

One-stop trading with Futubull

Enjoy welcome rewards and lifetime 0 commission on HK stocks

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Source of Information

Unless otherwise explicitly stated as another source, the structured investment product information and relevant documentation available herein is provided by the relevant product issuer and third party information provider and it is the their sole responsibility. All information is as of the latest Net Asset Value (“NAV”) date (unless stated otherwise), Futu Securities International (Hong Kong) Limited (“Futu Securities”) based on the reference prices provided by the relevant supplier in this website/application. The figures are used for illustrative purposes only and do not represent actual return achieved.

Warning Statements for Complex Product

1. This product is a complex product, investors should exercise caution in relation to the product. 2. Where past performance information is provided, past performance is not indicative of future performance. [only applicable to non-guaranteed product] 3. Investors may lose the entire invested amount or more than the invested amount (if applicable). [only applicable to non-SFC-authorised product] 4. For certain complex products for which the offering documents or information provided by the Issuer have not been reviewed by the SFC, investors are advised to exercise caution in relation to the offer.

Important Statement on Structured Investment Products  

[applicable to all structured investment product] 1. Investors must read the offering document for further details including the risk factors. 2. Investors should not invest in the structured investment product based on the advertisement alone. 3. The structured investment product is unlisted and, where applicable, that there may not be an active or liquid secondary market. 4. In the worst scenario, investors may lose the entire invested amount or more than the invested amount (if applicable). 5. The investment is subject to the credit and insolvency risks of the Issuer, the Guarantor and/or other identified counterparties (as the case may be). 6. Investing in the structured investment product is not the same as investing in its reference assets. 7. Investors may, at settlement, receive physical delivery of reference asset(s), where applicable. 8. The structured investment product is not principal-protected, where applicable. 9. The investment may be terminated early by the Issuer, where applicable. 10. The structured investment product is not collateralised, where applicable. 11. The product is a structured investment product involving derivatives. 12. The structured investment product is not covered by the Investor Compensation Fund. 13. Where the name of the structured investment product contains the word “deposit”, the deposit is a structured investment product which is not a protected deposit, that it is not protected by the Deposit Protection Scheme and that it is not the same as and should not be treated as a substitute for a term deposit; 14. In the case of a collateralised structured investment product, the investor should refer to the relevant offering document to understand the priority of claims to the proceeds of realisation of the collateral. , [only applicable to non-collaterised structured investment products] 15. The structured investment products constitute general unsecured contractual obligations of the Issuer and of no other person. If you purchase the structured investment products, you are relying upon the creditworthiness of the Issuer [and the Guarantor] and have no rights under the terms of the structured investment products against the issuer(s) of the reference assets.

Risk Disclosure  

Whilst the information regarding this investment product on this website/application may be helpful to you when making an investment decision, it may or may not constitute (i) an offer, solicitation, invitation or recommendation for buying or selling this investment product or (ii) investment advice. You should therefore consider whether the information is appropriate to your needs. However, if we have solicited you to purchase this investment product, or recommended this investment product to you, we will assess whether the investment product is reasonably suitable for you having regard to your financial situation, investment experience and investment objectives. Persons who read this document should, before making any investment decision, understand the risks and the relevant laws, tax and accounting principles and consequences, and make investment decisions based on such persons’ individual circumstances and consider whether such persons can bear such relevant risks, and if necessary, should seek professional advice. In the event you choose not to seek advice, you should consider whether the investment is suitable for you. Notwithstanding the issue of the document authorized by the Securities and Futures Commission (“The Commission”) under section 104A(1) and/or section 105(1) of the Securities and Futures Ordinance. The Commission takes no responsibility for the contents of relevant document, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of the relevant document. The Commission’s authorization does not imply its endorsement or recommendation of the structured investment products referred to in the relevant document. Investment involves risk; you should read the product information and relevant offering document for further details including risk factors. You should be cautious that the price of investment products will go up and down, and may change significantly in a short period of time. you may not be able to get back the amount invested in the investment products. The past performance is not indicative of future performance. If there are any forward-looking statements contained in this website/application, these contents or statements should not be construed as a guarantee of future performance and the actual situation or developments may materially differ from such statements.

Disclaimer

The issuer of this page is Futu Securities International (Hong Kong) Limited (“Futu Securities”) or its group companies. This page is prepared and published by Futu Securities. This website/application and materials contained in this website/application has not been reviewed by the Securities and Futures Commission (the “SFC”). Futu Securities makes no warranty or representation that this website/application can be accessed at all times. This website/application may, without notice, be temporarily unavailable or restricted for administrative or other reasons, or may be amended at any time, due to economic, market and other circumstances. You may use the materials on this website/application solely for personal reference and non-commercial purpose. Any media, website or individual should not reproduce, link, post or by other methods copy and publish this website/application and any of its contents without authorization. In other jurisdictions or areas, circulation and distribution of contents of this website/application may be restricted or prohibited by the applicable laws and regulations of such jurisdictions or areas. Persons who receive aforementioned contents should be fully aware of and comply with these types of restrictions or prohibitions. You expressly understand and agree that the website/application is provided on an “As Is” and “As Available” basis, Futu Securities and/or its group companies have taken reasonable measures to ensure that the information contained on this website/application is accurate, timely, complete and suitable for its intended purpose and in compliance with relevant and applicable laws and regulations. However, errors or omissions may occur due to circumstances beyond control of Futu Securities or its group companies. Futu Group did not give any expressed or implied warranty or make any representation, including but not limited to, the implied warranties of merchantability, fitness for a particular purpose, and non-infringement, regarding the accuracy, timeliness or completeness of the information on this website/application and no liability is accepted by such persons for the accuracy, timeliness or completeness of such information. You must conduct your own due diligence and investigations rather than relying on any of the information in this website/application. Any person who acts upon the information contained on this website/application does so entirely at his/her own risk.

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