Scenario V    Volatile market with flat index performance
arrow_10

In a volatile market with flat index performance,

the aforementioned compounding can have
an adverse effect on the performance of the Product. As illustrated below, even if the market has returned to its previous level, the Product may lose value.

Index accu. Return
-1x of Index accu. Return
Inverse product accu. Return
DayIndex daily returnIndex levelIndex cumulative returnInverse product Daily ReturnInverse product NAVCumulative performance of Inverse productCumulative performance of -1x of Index
0-100.000%-HK$10.000%0%
1-10%90.00-10%10%HK$11.0010%10%
210%99.00-1%-10%HK$9.90-1%1%
3-15%84.15-16%15%HK$11.3914%16%
419%100.140%-19%HK$9.22-8%-0%