Unit Trusts are investment products and some may involve derivatives. The investment decision is yours but you should not invest in the Unit Trusts unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
1.2
Unit Trusts are NOT equivalent to time deposits.
1.3
Past performance is not indicative of future performance. The price of securities may move up or down and may become valueless. Losses may be incurred as well as profits made as a result of buying and selling securities.
1.4
Investors should not only base on this marketing material alone to make investment decisions.
1.5
Investment involves risk. For details of the investment products, their related fees and charges and risk factors, please refer to the individual product materials.
Additional risks are disclosed in the "Risk Disclosure" section. Please refer to overleaf for details.
2. WealthInvest Insurance Plan
2.1
WealthInvest Insurance Plan is an investment-linked insurance plan ("the plan") issued by HSBC Life (International) Limited ("the Company").
2.2
Issuer's Risk - you rely on the Company's creditworthiness and your investments are subject to the credit risk of the Company.
2.3
You are not investing in the underlying funds and you do not have any rights or ownership over these underlying funds.
2.4
Your return from investment is calculated with reference to the fluctuation of the performance of the underlying funds. Each of these underlying funds has its own investment objectives and associated risks.
2.5
Early surrender or withdrawal of the plan may result in a significant loss of your principal and bonus awarded.
2.6
The investment decision is yours but we strongly recommend that you do not invest in the plan unless the intermediary who sells it to you has explained to you that the plan is suitable for you having regard to your financial situation, investment experience and investment objectives.
2.7
You should not rely on this promotional material alone. Please refer to the Principal Brochure for more details prior to investing in the plan. Please refer to Principal Brochure for details and policy charges.
Investment involves risk. Each Investment Choice has its own inherent risks and is subject to market value fluctuations. The unit price or the income (if any) from each Investment Choice may go down as well as up. In the worst case scenario, the value of the Investment Choices under the plan may be worth substantially less than the original amount you have invested into the plan.
WealthInvest Insurance Plan is underwritten by HSBC Life (International) Limited. It has been authorised by the Securities and Futures Commission (SFC). Such authorisation does not imply official recommendation. The Hongkong and Shanghai Banking Corporation Limited is an insurance agent authorised by HSBC Life (International) Limited.
•
RetireIncome Annuity Plan: Merchant coupons3 worth of up to HK$2,000 and 4% discount on first-year premium
•
WealthInvest Insurance Plan4: 2 times start-up bonus5
•
WholeLife Protection Plan: Merchant coupons worth of HK$5006 and 2-month premium waiver
•
Lifestyle Wealth Protection Plus: Merchant coupons worth of HK$5006 and 2-month premium waiver
•
Comprehensive General Insurance Offer (Concurrent take up of AccidentSurance, HomeSurance, MultiTrip TravelSurance): 25% discount on first-year premium or 4-month premium waiver
•
FundMax account7: one single fee as low as 1% p.a. for unlimited unit trust transactions
•
Online Local Securities and Margin Trading: $0 Brokerage Fee for first 30 days8
•
Open-end Fund:
1.5% flat initial charge for the first lump-sum subscription
•
New Mortgage Loan Drawdown Incentive: Merchant Coupons worth of HK$600
Remarks:
1.
Customer must keep the required New Fund or Total Relationship Balance until the end of the third month after the account is opened. For details, please refer to the relevant terms and conditions.
2.
The promotional period is from 5 July to 4 September 2010. Only applicable to the new HSBC Premier customers who successfully applied for the HSBC Premier MasterCard® during the promotional period.
3.
For RetireIncome Annuity Plan, to be eligible for the offer, the first-year annualised premium must be HK$100,000 (US$12,500) or above.
4.
The plan is a medium to long-term investment. Withdrawal and surrender are subject to Early Encashment Charge, which is up to 50% of the total cash value in the first 9 policy years. Going forward, reducing your premium, taking a premium holiday or withdrawing from your policy account may affect your Cash Value accumulated and guaranteed bonuses available to you.
5.
Start-up Bonus is only payable when the annualised initial premium for basic plan is US2,250 or above.
6.
For WholeLife Protection Plan and Lifestyle Wealth Protection Plus, to be eligible for the offer, the first-year annualised premium must be HK$20,000 (US$2,500) or above.
7.
All other fees applicable to the relevant fund subscription will still apply. The account fee is calculated based on the average holding balance and is subject to a minimum charging balance. The account fee is charged on a monthly basis.
8.
Minimum brokerage fee of HK$100 per transaction still applies. All subsequent transactions will be subject to standard brokerage fees. Other transaction fees/charges still apply. These include, without limitation, deposit transaction charge (for purchase orders only), SFC transaction levy, investor compensation levy, HKEx trading fee and stamp duty.
*
Based on findings from the 2009 Premium Banking Marketing Survey conducted by Synovate, HSBC Premier has been the consumers' most preferred premium banking services provider in Hong Kong.
‡
The above HK$7,500 includes HSBC Premier MasterCard® spending credit worth HK$1,800 and merchant coupons worth HK$5,700.
The promotional offers listed above are subject to terms and conditions, please refer to the below terms and conditions or contact our staff for details.
Risk
Disclosure
Unit Trusts
1
In the worst case scenario, the value of the funds may be worth substantially less than the original amount you invested (and in an extreme case could be worth nothing).
2
Funds which are invested in certain markets and companies (e.g. emerging, commodity markets and smaller companies, etc) may also involve a higher degree of risk and are usually more sensitive to price movements.
3
Credit Risk/Interest Rate Risk - a fund that invests in fixed income securities may fall in value if interest rates change, and is subject to the credit risk that issuers may not make payments on such securities. Price of the fund may have a high volatility due to investment in financial derivative instruments and may involve a greater degree of risk than in the case with conventional securities.
4
Counterparty Risk - a fund will be exposed to credit risk on the counterparties with which it trades in relation to financial derivative instrument contracts that are not traded on a recognised exchange. Such instruments are not afforded the same protections as may apply to participants trading financial derivative instruments on organised exchanges, such as the performance guarantee of an exchange clearing house. A fund will be subject to the possibility of insolvency, bankruptcy or default of a counter party with which a fund trades such instruments, which could result in substantial loss to a fund.
This document does not constitute an offer for the purchase or sale of any investment in any products. You should carefully consider whether any investment products or services mentioned herein are appropriate for you in view of your investment experience, objectives, financial resources and circumstances.
The contents of this document except those which cover WealthInvest Insurance Plan have not been reviewed by the Securities and Futures Commission.
Promotional
Terms and Conditions
Terms and Conditions applicable to (A) HSBC Premier MasterCard® spending credit welcome gift, (B) Opening an HSBC Premier Integrated Investment Services Account welcome gift, and (C) Completing Risk Profiling Questionnaire welcome gift
1.
The promotional period is from 5 July to 4 September 2010, both dates inclusive ("the Promotional Period").
2.
To enjoy the promotional offers, customers must successfully open (or (where applicable) convert to) an Integrated Account - HSBC Premier with The Hongkong and Shanghai Banking Corporation Limited ("the Bank") in Hong Kong SAR ("the Account") as the principal account holder during the Promotional Period ("Eligible Customer").
3.
The offers are not available to existing customers of Integrated Account - HSBC Premier (including sole Account holder and all joint Account holders) or customers who have terminated or converted their Integrated Account - HSBC Premier on or after 5 January 2010.
4.
For joint Accounts, only the principal Account holder is entitled to this promotional offer.
5.
Customers who terminate or convert their Integrated Account - HSBC Premier to an Integrated Account - HSBC Advance / SmartVantage before the relevant notification letter is issued will not be entitled to this promotional offer.
6.
An Eligible Customer who is entitled to the welcome gifts under this promotion and other offers under concurrent promotions, run by the Bank in respect of joining Integrated Account - HSBC Premier, will only be entitled to receive ONE gift that is of the highest value at the Bank's discretion.
7.
The dates and amounts appearing in the Bank's records will be conclusive as to the date on which the Account was opened, terminated or converted and amount of balances / number of transactions carried out.
8.
Eligible Customers will be sent a notification letter on or before 28 February 2011. Please refer to the notification letter for details.
9.
Offers are provided subject to the prevailing regulatory requirements.
10.
The Bank reserves the right to amend these terms and conditions.
11.
If Eligible Customers terminate or convert the Account to another account type within 12 months after account opening, the Bank reserves the right to debit the rewarded amount from customer's credit card or account.
12.
Where there is any discrepancy between the Chinese and English versions of these terms and conditions, the English version shall apply and prevail.
13.
In the event of a dispute arising out of this promotion programme, the decision of the Bank shall be final and conclusive.
14.
Employees of the Bank are not eligible for the promotional offers.
(A) Specific terms and conditions for HSBC Premier MasterCard® spending credit welcome gift
15.
Eligible Customers must maintain their relevant Accounts and their HSBC Premier MasterCard® by the time of welcome gift fulfillment (i.e. the HSBC Premier MasterCard® spending credit is posted) in order to enjoy the welcome gift.
16.
The welcome gift of credit card spending credit will ONLY be credited to the newly opened HSBC Premier MasterCard® account. If the Eligible Customer does not open a new HSBC Premier MasterCard® during the Promotional Period, he/she will not be entitled to the welcome gift.
17.
The credit card spending credit cannot be exchanged, returned or converted into cash under any circumstances. The credit card spending credit can only be applied towards new purchases effected using the credit card and cannot be withdrawn in cash or used for settling the outstanding amount of credit cards.
18.
Welcome gift for existing HSBC customer - HK$300 HSBC Premier MasterCard® spending credit will be offered to each Eligible Customer who
i)
opens or (where applicable) converts to an Account with a Total Relationship Balance ("TRB")^ of HK$1,000,000 or above (or the equivalent in foreign currency), AND
ii)
maintains a monthly average TRB of HK$1,000,000 or above (or the equivalent in foreign currency) until the dates set out in the table below.
Account
opened /
converted in July 2010
Account
opened /
converted in August 2010
Account
opened /
converted in September 2010
Maintain a monthly average TRB of HK$1,000,000 or above (or equivalent in foreign currency) until:
31 October 2010 at 11:59pm
30 November 2010 at 11:59pm
31 December 2010 at 11:59pm
^
TRBa takes into account the following: Hong Kong dollar/Renminbi/foreign currency deposits, book value or market value (if applicable) of investments (including local and overseas securities, unit trusts, bonds, certificates of deposits, equity linked investments, structure notes, stocks or unit trusts purchased from Monthly Investment Plan and Wayfoong Statement Gold), deposit amounts of Deposit Plus and structured investment deposits (including Capital Protected Investment Deposits), utilised lending facilities (excluding mortgage loans and amounts outstanding on credit cards), saving and investments portions of life insurance policies and HSBC MPF balances and HSBC ORSO Defined Contribution Scheme Balances which are administered by The Hongkong and Shanghai Banking Corporation Limited Insurance.
To determine overall TRB in sole capacity, the applicable TRB of all personal sole account(s)b and all joint account(s)c will be included in the calculation.
To determine overall TRB in joint capacity, the applicable TRB of all joint account(s)b held with the same joint account holder(s) will be included in the calculation.
a.
There may be a time lag before the value of certain investment transactions (i.e. Initial Public Offering ("IPO") subscriptions for securities, bonds, open-ended funds and certificates of deposits) and life insurance policies will be included in the TRB due to the processing time required and therefore may affect the TRB in the Bank's record.
b.
All these accounts must be held or registered under the same name(s) and identity number(s).
c.
The name and identity number held or registered under these joint accounts must be the same as that held or registered under the sole account.
19.
Welcome gift for existing HSBC customer - HK$600 or HK$1,000 HSBC Premier MasterCard® spending credit will be offered to each Eligible Customer who:
i)
brings in Net Incremental New Funds§corresponding to relevant tiers described in the table below into the newly opened Premier Account before the dates set out in the table below, AND
ii)
maintains the Net Incremental New Funds in the Account together with the original TRB until the time specified in the table below AND the average monthly TRB of the 3 calendar months following the calendar month in which the Account opening / conversion takes place less the original TRB as of the date and time specified below is greater than or equal to the amount specified for the relevant Tier in the table below. Each Eligible Customer who fulfills more than one of the two tiers will only be offered a welcome gift with respect to the highest tier.
Tier
(i) Bring in Net Incremental New Funds specified below AND fulfill condition
(ii) as stated in Clause 19
A welcome gift of either ...
1
HK$1,000,000 or above (or equivalent in foreign currency)
HK$ 600 HSBC Premier MasterCard® spending credit
2
HK$3,000,000 or above (or equivalent in foreign currency)
HK$ 1,000 HSBC Premier MasterCard® spending credit
Account
opened /
converted in July 2010
Account
opened /
converted in August 2010
Account
opened /
converted in September 2010
(a) Brings in the Net Incremental New Funds of HK$1,000,000/ HK$3,000,000 (or equivalent in foreign currency) before
31 July 2010 at 4:30pm
31 August 2010 at 4:30pm
30 September 2010 at 4:30pm
AND
(b) Maintains the Net Incremental New Funds referred to in (a) together with the original TRB until
31 October 2010 at 11:59pm
30 November 2010 at 11:59pm
31 December 2010 at 11:59pm
Example: Assume an Eligible Customer opens/converts the Account in July 2010:
TRB of June 2010
Avg monthly TRB of
Aug, Sep & Oct 2010
Net Incremental New Funds
Existing non-Premier customer of the Bank
HK$1,000,000
HK$2,000,000
HK$2,000,000 - HK$1,000,000 = HK$1,000,000
§
Net Incremental New Funds, is defined as the growth in terms of TRB. The calculation is based on the difference between the customer's average monthly TRB of the 3 calendar months following the calendar month in which the Account opening / conversion takes place and the past TRB before the opening/conversion of the Account. For example, if the Account is opened/ converted in July 2010, the customer's average TRB of August, September and October 2010 less the original TRB as of June 2010 must be equal to or greater than HK$1,000,000 or HK$3,000,000 to be eligible for the above welcome gift.
20.
Eligible Customers are entitled to only one welcome gift under this promotion. For Eligible Customers who qualify for both welcome gifts described in Clauses 18 and 19, the welcome gift described in Clause 19 will be offered.
21.
Welcome gift for new HSBC customer - HK$1,400 or HK$1,800 HSBC Premier MasterCard® spending credit will be offered to each Eligible Customer who
i)
brings in Net Incremental New Funds§ corresponding to relevant tiers described in the table below into the newly opened Premier Account before the dates set out in the table below, AND
ii)
maintains the Net Incremental New Funds in the Account together with the original TRB until the time specified in the table below AND the average monthly TRB of the 3 calendar months following the calendar month in which the Account opening takes place less the original TRB# as of the date and time specified below is greater than or equal to the amount specified for the relevant Tier in the table below. Each Eligible Customer who fulfills more than one of the two tiers will only be offered a welcome gift with respect to the highest tier.
#
For customers who are not customer of the Bank prior to opening the Integrated Account - HSBC Premier, the past TRB before the opening of the Account will be treated as zero for this calculation purpose.
Tier
(i) Bring in Net Incremental New Funds specified below AND fulfill condition
(ii) as stated in Clause 21
A welcome gift of either ...
1
HK$1,000,000 or above (or equivalent in foreign currency)
HK$ 1,400 HSBC Premier MasterCard® spending credit
2
HK$3,000,000 or above (or equivalent in foreign currency)
HK$ 1,800 HSBC Premier MasterCard® spending credit
Account
opened
in July 2010
Account
opened
in August 2010
Account
opened
in September 2010
(a) Brings in the Net Incremental New Funds of HK$1,000,000/ HK$3,000,000 (or equivalent in foreign currency) before
31 July 2010 at 4:30pm
31 August 2010 at 4:30pm
30 September 2010 at 4:30pm
AND
(b) Maintains the Net Incremental New Funds referred to in (a) together with the original TRB until
31 October 2010 at 11:59pm
30 November 2010 at 11:59pm
31 December 2010 at 11:59pm
Example: Assume an Eligible Customer opens the Account in July 2010:
TRB of June 2010
Avg monthly TRB of
Aug, Sep & Oct 2010
Net Incremental New Funds
Not an existing customer of the Bank ("New HSBC Customer")
HK$0
HK$1,000,000
HK$1,000,000 - HK$0 = HK$1,000,000
§
Net Incremental New Funds, is defined as the growth in terms of TRB. The calculation is based on the difference between the customer's average monthly TRB of the 3 calendar months following the calendar month in which the Account opening takes place and the past TRB before the opening of the Account. For example, if the Account is opened in July 2010, the customer's average TRB of August, September and October 2010 less the original TRB as of June 2010 must be equal to or greater than HK$1,000,000 or HK$3,000,000 to be eligible for the above welcome gift. For customers who are not customer of the Bank prior to opening the Integrated Account - HSBC Premier, the original TRB of June 2010 will be treated as zero for this calculation purpose.
iii)
is a new customer of the Bank ("New HSBC Customer"), namely, at any time during the period from 5 June 2010 to the date the Customer opens¶ the Account, not being
-
an account holder with the Bank in respect of any sole or joint account (but excluding MPF accounts or safe deposit lease accounts); or
-
a holder of any personal primary or additional credit card issued by the Bank (excluding corporate cards); or
-
a holder of any insurance plans applied through the Bank (except Single Trip TravelSurance); and
iiv)
is not an HSBC Premier customer at any time during 5 January 2010 to 4 July 2010 (both dates inclusive).
¶
The date appearing in the Bank's record will be conclusive as to the date on which (i) the Account is opened, (ii) the incremental new funds is brought in, (iii) the incremental new funds is maintained, (iv) the Premier credit card is opened and (v) the customer becomes a New HSBC Customer.
Specific terms and conditions for (B) Opening an HSBC Premier Integrated Investment Services Account welcome gift and
(C) Completing Risk Profiling Questionnaire welcome gift
22.
Merchant coupon of HK$50 will be offered to each Eligible Customer who opens the Integrated Account - HSBC Premier during the Promotional Period and opens a new HSBC Premier Integrated Investment Services Account upon the Account opening (or (where applicable) conversion). Each Eligible Customer is entitled to receive one gift only irrespective of the number of Accounts opened.
23.
Merchant coupon of HK$50 will be offered to each Eligible Customer who opens the Integrated Account - HSBC Premier during the Promotional Period and successfully complete Risk Profiling Questionnaire upon the Account opening (or (where applicable) conversion). Each Eligible Customer is entitled to receive one gift only irrespective of the number of Accounts opened.
24.
The Bank assumes no responsibility for the quality of any service/ product provided by any of the suppliers of the said merchant coupons.
25.
The said merchant coupons are offered while stocks last and will not be replaced if lost.
26.
The bank reserves the right to replace the welcome gifts with alternative gifts without prior notice.
27.
The welcome gifts are not redeemable for cash and its use is subject to the relevant terms and conditions.
Product Offers Terms and Conditions
Insurance Offers
General Terms and Conditions (For Life and General Insurance Offers)
1.
A customer who has withdrawn/cancelled an application/policy for the same insurance plan within the past six months or cancels his/her policy prior to the merchant coupons ("Life Insurance Plan Coupons") being issued will not be entitled to the promotional offer.
2.
If a customer who is entitled to receive the promotional offers under this promotion is also entitled to other offer(s) under another concurrent promotion run by the Bank in respect of the same type of designated product or service, such customer is only entitled to receive the offer of the highest value at the Bank's discretion.
3.
Offers under this promotion are applicable to Retail Banking and Wealth Management customers of the Bank only.
4.
The Life Insurance Plan/ Coupons/Premium discount/ start-up bonus/ premium waiver offered in this promotion are not exchangeable for cash and are not transferable.
5.
All insurance applications are subject to approval by HSBC Life (International) Limited or HSBC Insurance (Asia) Limited.
6.
"Selected HSBC Premier Customers" are customers who open or convert to Integrated Account - HSBC Premier ("New Premier Account") with the Bank within the period of 5 July to 31 December 2010. (both dates inclusive) and have not terminated / converted their Integrated Account - HSBC Premier to other Integrated Account within six months prior to the date on which New Premier Account commences.
Specific terms and conditions for "RetireIncome Annuity Plan: 4% discount on first-year premium" ("First-year Premium Discount")
7.
The 4% First-year Premium Discount is only applicable to successful applications in respect of a new purchase of RetireIncome Annuity Plan from "Selected HSBC Premier Customers" mentioned in Clause 6 AND the application date of the new insurance policy must be within 6 months of the commencement of the New Premier Account.
8.
For monthly payment of premium, customers are required to pay the first three months' premium upfront with the discount deducted from the initial payment.
9.
For premiums paid on annual basis, the amount of premium payable in the first year will be calculated as "full annual premium X 0.96".
Specific terms and conditions for "WealthInvest Insurance Plan: 2 times start-up bonus"
10.
The 2 times of Start-up Bonus Offer is only applicable to successful applications in respect of a new purchase of WealthInvest Insurance Plan from "Selected HSBC Premier Customers" mentioned in Clause 6 AND the application date of the new insurance policy must be within 6 months of the commencement of the New Premier Account.
11.
For monthly payment of premium, the start-up bonus will be payable as of each of the first 12 Policy Monthiversaries upon receipt of each of the monthly premium.
12.
For annual payment of premium, the start-up bonus will be payable as of the 1st Policy Monthiversary upon receipt of your first year premium.
13.
The start-up bonus will be credited to the policy account by addition of units in respect of the selected Investment Choices according to current premium allocation instruction. Please refer to Product Brochure for details.
Specific terms and conditions for "WholeLife Protection Plan/Lifestyle Wealth Protection Plus: 2-month premium waiver"
14.
The 2-month premium waiver is only applicable to successful applications in respect of a new purchase of WholeLife Protection Plan or Lifestyle Wealth Protection Plus from "Selected HSBC Premier Customers" mentioned in Clause 6 AND the application date of the new insurance policy must be within six months of the commencement of the New Premier Account.
15.
For monthly payment of premium, customers are required to pay the first two months' premium upfront in order to enjoy the third and fourth months' premium waiver.
16.
For premiums paid on annual basis, the amount of premium payable in the first year will be calculated as "full annual premium X 10/12".
Specific terms and conditions for "Selected Life Insurance Plans: up to merchant coupons worth of HK$5,000 ("Life Insurance Plan Coupon Offer")
17.
The Life Insurance Plan Coupon Offer is only applicable to successful applications in respect of a new purchase of RetireIncome Annuity Plan, WholeLife Protection Plan, Lifestyle Wealth Protection Plus or "Selected Life Insurance Plan" (please contact our branches for details) from Selected HSBC Premier Customers mentioned in Clause 6 during the application period of 7 June to 4 September 2010 (both dates inclusive) AND the policies must be effective during the period of 7 June to 3 November 2010 (both dates inclusive).
18.
Merchant coupons worth of HK$ 1,000 or HK$ 2,000 will be offered in respect of an uptake of RetireIncome Annuity Plan or "Selected Life Insurance Plan" (please contact our branches for details) based on the annualized premium requirement as stated in the table below:
Merchant coupons worth of HK$500 will be offered in respect of an uptake of WholeLife Protection Plan or Lifestyle Wealth Protection Plus based on the annualized premium requirement as stated in the table below:
Required Annualized Premium
Coupon Entitlement
>= HK$20,000 (US$ 2,500)
HK$500
20.
A policyholder will only be eligible to the Life Insurance Plan Coupon Offer once for each type of insurance plan and the merchant coupons offered will be based on the insurance plan that comes into effect first. For example, if the policyholder successfully takes up 2 policies of RetireIncome Annuity Plans, one with an annualized premium reaching HK$ 200,000 with an effective date of 1 September 2010 and another one with an annualized premium of HK$100,000 with an effective date of 1 August 2010, he/she will only be rewarded with HK$1,000 worth of coupons in respect of the second mentioned plan.
If both RetireIncome Annuity Plans in the above example have the same effective date of 1 August 2010, the customer will be rewarded with the highest coupon entitlement. The annualized premium will be counted individually per each policy and cannot be accumulated.
21.
A maximum of HK$5,000 worth of coupons (i.e. HK$ 2,000 x 2 + HK$500 x 2) will be offered for the successful take up of one RetireIncome Annuity Plan, one "Other Selected Insurance Plan" (please contact our branches for details), one WholeLife Protection Plan and one Lifestyle Wealth Protection Plus.
22.
The Life Insurance Plan Coupons will only be mailed to the policyholder's local correspondence address of the new policy by registered mail according the following dates set out in the table below:
Policy Effective Date
Coupons Mail Drop Date
7 Jun - 15 Sep 2010
30 Nov 2010
16 Sep - 3 Nov 2010
17 Jan 2011
23.
The Life Insurance Plan Coupons will not be rewarded to customers if, on or before the mailing of the coupons, there is any change of policy status leading to a reduction of annualized premium which falls below the premium level committed at the time of policy is issued, or that the policy has been suspended, cancelled or has otherwise become invalid.
24.
The Life Insurance Plan Coupons will be subject to further terms and conditions stipulated by the supplying merchants.
25.
The supplier of the Life Insurance Plan Coupons in this promotion is solely responsible for the quality of the products and services provided and the Bank shall have no liability in respect thereof.
26.
The Life Insurance Plan Coupons are not replaceable in the event of loss or damage, including being lost in transit after they are posted by the Bank.
Specific terms and conditions for "Comprehensive General Insurance Offer: 25% discount on first-year premium or 4-month premium wavier"
27.
Comprehensive General Insurance Offer is applicable to successful applications in respect of the concurrent take up of AccidentSurance, HomeSurance and MultiTrip TravelSurance ("Selected Products") from "Selected HSBC Premier Customers" mentioned in Clause 6 within the period of 5 July 2010 to 31 December 2010, (both dates inclusive). Eligible policies of Selected Products will be eligible for an overall discount as below:
i)
Eligible customers can enjoy premium waiver for the period from 3rd to 6th months after paying the initial premium for the first
2 months upon successful new application of AccidentSurance or HomeSurance if they select the monthly premium payment. Where premium is paid on an annual basis, eligible customers can enjoy a discount of 25% on the first year's premium.
ii)
Eligible customers can enjoy 25% discount on the first year's premium upon successful application of MultiTrip TravelSurance.
28.
If any of the Selected Product(s) is (are) in force already, eligible customers can still enjoy Comprehensive General Insurance Offer, but it shall be given to the remaining new application(s) of the Selected Product(s) only. Existing policy(ies) will not be given this discount offer.
29.
This offer is only applicable to insurance policies applied through Branch and Phonebanking channels.
30.
Employees of the Bank are not eligible for this offer.
The Hongkong and Shanghai Banking Corporation Limited is an insurance agent authorised by HSBC Life (International) Limited and HSBC Insurance (Asia) Limited. All life insurance plans are underwritten by HSBC Life (International) Limited. All medical and general insurance plans are underwritten by HSBC Insurance (Asia) Limited. The information shown is intended as a general summary. For charges and details, please refer to the relevant Product Brochures and policies or contact any HSBC branches or staff for offer details.
Investment Offers
Specific terms and conditions for "FundMax Account: one single fee as low as 1% p.a. for unlimited Unit Trust transactions" (the "FundMax Offer")
31.
Customer must hold an Integrated Account - HSBC Premier in order to open a FundMax Account.
32.
Trading in stocks, warrants, equity-linked notes/investments and Stocks/Unit Trust Monthly Investment Plan are not applicable in FundMax Account.
33.
Initial charge and switching fee are waived for subscription or switching using the FundMax Account. Customers are still subject to other charges including but not limited to annual management fee, redemption charge, and performance fee as prescribed in respective fund offering documents.
34.
Monthly account fee is calculated based on the average holding balance of relevant funds during the charging period and the rate corresponding to that balance in accordance with the FundMax account fee table below.
FundMax account fee table:
FundMax Account
Average Unit Trust Holding Balance (HKD)
FundMax
Account Fee (p.a.)
< $500,000
1.5%
$500,000 - < $1,000,000
1.25%
> = $1,000,000
1%
35.
If the average holding balance of relevant funds during the charging period is below the minimum charging balance specific to the type of Integrated Account under which the FundMax Account is held, the monthly account fee will be calculated based on the minimum charging balance. The minimum charging balance is HK$200,000 for FundMax Account held under HSBC Premier.
36.
For other terms and conditions related to FundMax Account, please refer to the relevant product leaflet for details.
Risk disclosure:
The information is not and should not be construed as an offer to buy or sell any financial products, and should not be considered as investment advice. You should carefully consider whether any investment products are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. Investment involves risks and past performance is not indicative of future performance. Please also read the Risk Disclosures on Unit Trusts.
Specific terms and conditions for "HK$0 Brokerage Fee Securities Trading Offer for Online Local Securities and Margin Trading" (the "Securities Trading Offer")
37.
The Securities Trading Offer is applicable to customer who:
i)
i) successfully opens or (where applicable) converts to an Integrated Account - HSBC Premier between 5 July and 4 September 2010 as the sole or principal account holder; and
ii)
successfully opens or (where applicable) converts to a new HSBC Premier Integrated Investment Services Account or a new HSBC Premier Margin Trading Service Account ("Eligible Investment Account for Securities Trading Offer") as the sole or principal account holder on or before 31 December 2010, and who does not currently hold or has not terminated an HSBC Premier Integrated Investment Services Account within six months prior to 1 July 2010 (the "Eligible Customers for Securities Trading Offer").
38.
The Securities Trading Offer is only applicable to local securities transactions (excluding transactions made in respect of initial public offerings and Stocks Monthly Investment Plans) which are effected via HSBC Personal Internet Banking (www.ebanking.hsbc.com.hk) and Stock Express (www.hsbc.com.hk/stockexpress) through the Eligible Investment Account for Securities Trading Offer within 30 calendar days upon the account opening date or account conversion date of the first opened or first converted Eligible Investment Account for Securities Trading Offer during the Securities Trading Offer Promotional Period. (the "Eligible Period for Securities Trading Offer") ("Eligible Transactions for Securities Trading Offer"). Transactions which are effected via trading channels other than HSBC Personal Internet Banking and Stock Express will not be entitled to the Securities Trading Offer.
39.
Eligible Customers for Securities Trading Offer will enjoy HK$0 brokerage fee for all Eligible Transactions for Securities Trading Offer until the cumulative transaction total turnover reaches HK$2,000,000 or the total cumulative standard brokerage fee (minimum HK$100 per transaction) reaches HK$5,000, whichever happens first within the Eligible Period for Securities Trading. All subsequent transactions will be subject to standard brokerage fees (minimum HK$100 per transaction).
Example:
An HSBC Premier Eligible Customer opens a new Integrated Account - HSBC Premier with Eligible Investment Account on 26 Jul 2010 and conducts the following Eligible Transactions during the Eligible Period:
Trade
Date
Transaction Amount
Cumulative Transaction Total Turnover during the Eligible Period
Standard Brokerage Fee
Offer Brokerage Fee
Rebate Amount
26 Jul 2010
HK$1,980,000
HK$1,980,000
HK$4,950
HK$0
HK$4,950
27 Jul 2010
HK$50,000
HK$2,030,000
HK$125
HK$100
HK$25
28 Jul 2010
HK$200,000
HK$2,230,000
HK$500
HK$500
HK$0
26 Aug 2010
HK$100,000
n/a
(outside of Eligible Period)
HK$250
n/a
(outside of Eligible Period)
HK$0
Total
HK$2,230,000
HK$5,825
HK$600
HK$4,975
For the first trade in the example above, the Eligible Customer has yet to meet the cumulative transaction total turnover of HK$2,000,000 during the Eligible Period. As a result, HK$0 brokerage fee is offered for the first trade.
In respect of the second trade, the Eligible Customer pays the standard brokerage fee of 0.25% upfront, i.e. HK$50,000 x 0.25% = HK$125. HK$0 brokerage fee is applicable only for that part of the transaction amount which is still within the cumulative transaction total turnover of HK$2,000,000 (i.e. HK$2,000,000 - HK$1,980,000 = HK$20,000), which means the Eligible Customer will only get the rebate of HK$20,000 / HK$50,000 x HK$125 = HK$25 (not HK$50 due to the minimum brokerage fee of HK$100 per transaction, i.e. HK$125 - HK$100).
Having already exceeded the cumulative transaction total turnover of HK$2,000,000 for the Eligible Period, the Eligible Customer pays standard brokerage fee of 0.25% for the third and all subsequent trades.
Lastly, the fourth transaction is not eligible for the Offer as it is effected after the Eligible Period, hence standard brokerage fee of 0.25% applies.
40.
The standard brokerage fees will be deducted upfront and the portion of waived brokerage fees (subject to the minimum brokerage fee of HK$100 per transaction) will be reimbursed to the settlement account of Eligible Investment Account for Securities Trading Offer on or before 31 March 2011.
41.
Other transaction fees/charges still apply. These include, without limitation, deposit transaction charge (for purchase orders only), SFC transaction levy, investor compensation levy, HKEx trading fee and stamp duty.
42.
Each Eligible Customer for Securities Trading Offer will only be entitled to one of the concurrently running promotional Securities Trading Offers in respect of securities trading and securities margin trading at any point of time. Should a customer be eligible for more than one promotional offer, HSBC reserves the right to award the customer with the offer deemed to be of higher value at the Bank's discretion or such prevailing promotional offer as specified in the Terms and Conditions of a Selected Customer Direct Mailer. No dispensation will be arranged for customers under any circumstance.
43.
An Eligible Customer for Securities Trading Offer is entitled to "HK$0 Brokerage Fee Securities Trading Offer for Online Local Securities and Margin Trading" once only regardless of the number of accounts opened, converted or retained.
44.
Eligible Customers for Securities Trading Offer must not terminate or convert the Eligible Investment Account for Securities Trading Offer and its related settlement account within one year after opening of such account in order to enjoy reimbursement of the waived brokerage fees.
45.
Without limiting Clause 42 above, if a customer is eligible for the "HK$0 Brokerage Fee Securities Trading Offer for Online Local Securities and Margin Trading" featured in this promotion as well as the "Preferential Brokerage Fee Securities Trading Offer for Online Local Securities" at the same time, he/she will only be entitled to the "HK$0 Brokerage Fee Securities Trading Offer for Online Local Securities and Margin Trading".
46.
The Securities Trading Offer is provided subject to the prevailing regulatory requirements.
47.
All the terms and conditions listed above are governed by and construed in accordance with the laws of HKSAR.
Risk disclosure:
Investment involves risk. You should carefully consider whether any investment products or services mentioned herein are appropriate for you in view of your investment experience, objectives, financial resources and relevant circumstances. The price of securities may move up or down. Losses may be incurred as well as profits made as a result of buying and selling securities. This document does not constitute an offer for the purchase or sale of any investment products.
Specific terms and conditions for "Open-end Fund: 1.5% flat initial charge for the first lump-sum subscription" (the "Unit Trust Offer")
48.
The promotional period commences on 5 July 2010 and ends on 31 December 2010, both dates inclusive ("the Promotional period"). The Unit Trust Offer is applicable to any customer who successfully opens or (where applicable) converts to a new Integrated Account - HSBC Premier with the Bank during the Promotional Period and successfully opens or (where applicable) converts to a new HSBC Premier Integrated Investment Services Account except FundMax account ("Eligible Investment Account for Unit Trust Offer") within 6 months after opening the new Integrated Account - HSBC Premier (in any cases, by latest 31 December 2010) and has not terminated or maintained an HSBC Premier Integrated Investment Services Account within six months prior to the Promotional Period (the "Eligible Customers for Unit Trust Offer").
49.
The Unit Trust Offer is only applicable to the first lump-sum subscription order of open-end funds (excluding CapitALL funds and funds in the “No Subscription Fee Series") made through manned phone banking, HSBC Personal Internet Banking or at any HSBC branch in Hong Kong via the Eligible Investment Account for Unit Trust Offer within 6 months from the opening date of such investment account (“Unit Trust Offer Eligible Period"). The Unit Trust Offer Eligible Period starts to count once the Eligible Investment Account for Unit Trust Offer is opened.
50.
In addition to this Unit Trust Offer, Eligible Customers for Unit Trust Offer will still enjoy the prevailing open-end funds preferential initial charge offer applicable to the subscription order but other promotional offers on open-end funds initial charge will not be applicable.
51.
Eligible Customers for Unit Trust Offer are required to fully settle the actual initial charge amount at the time of subscription. The “offer amount" (which is the difference between the actual initial charge amount and the initial charge amount under this Unit Trust Offer) will be credited to such customer's default settlement account in settlement account currency within three months after the lump-sum subscription. Eligible Customers for Unit Trust Offer whose Eligible Investment Account for Unit Trust Offer or settlement account is not in place at that time will for all purposes have forfeited their entitlement to the Unit Trust Offer and hence, forfeited also the “offer amount".
52.
The Unit Trust Offer is not applicable to subscriptions made under Unit Trust Monthly Investment Plan.
53.
All other fees/charges applicable to the relevant fund (including switching fees, redemption fees, management fees and other fees) still apply.
54.
The Unit Trust Offer and the prevailing open-end funds preferential initial charge offer may be changed from time to time at the discretion of the Bank.
55.
Employees of the Bank are not eligible for this offer.
Mortgage Offer
Specific terms and conditions for "New Mortgage Loan Drawdown Incentive: Merchant Coupons worth of HK$600"
56.
The promotional offer only applies to new and existing HSBC Premier customers who successfully apply for a new mortgage loan of HK$1,000,000 or above between 1 July 2010 and 4 September 2010 (both dates inclusive), and drawdown the mortgage loan from HSBC on or before 31 October 2010 ("Eligible Customers").
57.
The merchant coupons cannot be converted into cash and may be subject to further terms and conditions stipulated by the merchant(s) supplying the merchant coupons. The merchant coupons are available while stocks last. The Bank reserves the right to replace the merchant coupons with other items without prior notice.
58.
If an application is entitled to receive the promotional offer(s) under this promotion and the promotional offer(s) under another concurrent promotion run by the Bank with respect to the same new mortgage loan, the application is only entitled to receive only one of the promotional offers of the highest value at the Bank's discretion.
59.
The participating suppliers of the merchant coupons in this promotion are solely responsible for the quality of the products and the services supplied and the Bank shall have no liability in respect thereof.
60.
The merchant coupons will be mailed to Eligible Customers within 10 weeks from the date of mortgage loan drawdown.
61.
Loans under Sandwich Class Housing Scheme (primary market), HSBC's Local Staff Housing Loan Scheme, Employee Benefits Programme, Second Mortgage Loan, Home Assist Loan under Urban Renewal Authority's redevelopment scheme, Bridging Loan, Car Park Loan, existing HSBC mortgage loans and Top-up Loans of existing loans/Equity Loan are not eligible for the promotion. For details, please contact any HSBC branches.
62.
The promotion cannot be used in conjunction with other prevailing HSBC mortgage offers.
63.
Loan application is subject to the Bank's final approval. The Bank reserves the absolute right not to accept or process any application at any time without prior notice.
64.
Each mortgage loan is offered subject to terms and conditions as stated in the related facility letter, which shall prevail in the event of any inconsistency with the terms and conditions stated above.
65.
All the terms and conditions listed above are governed by and construed in accordance with the laws of the HKSAR.
General Terms and Conditions for Product Offers
66.
The Bank reserves the right to change these Terms and Conditions at any time and the offer may be withdrawn by the Bank at its discretion without prior notice.
67.
In case of dispute, the decision of the Bank shall be final and conclusive.
68.
In case of discrepancies between the English and the Chinese versions of these Terms and Conditions, the English version shall apply and prevail.
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