The present communication is made following the addressee's specific request. The addresser has not solicited the addressee or otherwise offered or marketed to the addressee the products and services to which this communication refers. This communication is sent to the addressee for his/her information only and is not intended to be distributed to the general public in the addressee’s country of residence. The addressee notes, acknowledges and understands that the addresser established in the addresser’s country of residence is not licensed under the laws of the addressee's country of residence and is, therefore, not subject to supervision or regulation by the local regulator at the addressee's country of residence. None of the products and services of the addresser have been approved or registered with the local regulator.

This communication is sent to the addressee for his/her information only and is not intended to be distributed to the general public in the addressee’s country of residence. The addressee notes, acknowledges and understands that the addresser established in the addresser’s country of residence is not licensed under the laws of the addressee's country of residence and is, therefore, not subject to supervision or regulation by the local regulator at the addressee's country of residence. None of the products and services of the addresser have been approved or registered with the local regulator.

HSBC Bank Middle East Limited, Bahrain is a member of the HSBC Group, which comprises HSBC Holdings Plc and each of its subsidiaries and includes entities providing private bank services. HSBC Bank Middle East Limited, Bahrain may refer clients to HSBC Group entities providing private banking services as well as, to the extent permissible, refer certain private banking financial products and services to clients in Bahrain. HSBC Bank Middle East Limited, Bahrain, is regulated by the Central Bank of Bahrain and is licensed to offer or refer such financial products and services in Bahrain and is lead regulated by the Dubai Financial Services Authority. However, such private banking financial products and services shall be governed by the terms and conditions and laws and regulations applicable to relevant HSBC Group entity that will provide the financial products or services.

HSBC Private Bank (Suisse) S.A., DIFC Branch is regulated by the Dubai Financial Services Authority (DFSA) and FINMA. This document is directed at Professional Clients only as defined by the DFSA and should not be acted upon by any other person. HSBC Private Bank (Suisse) S.A. – DIFC BRANCH P.O. Box 506553 Dubai, United Arab Emirates.

Funds included in this proposal may be established/incorporated in multiple jurisdictions and therefore, subject to the applicable legislation in those jurisdictions. The Funds are regulated by and have the regulatory status as mentioned in the Prospectus.

The Prospectus of any Fund included in this proposal is not subject to any form of regulation or approval by the Dubai Financial Services Authority ("DFSA"). The DFSA has no responsibility for reviewing or verifying any Prospectus or other documents in connection with these Funds. Accordingly, the DFSA has not approved any Prospectus or any other associated documents nor taken any steps to verify the information set out in the Prospectus, and has no responsibility for it.

The Units to which the Prospectus relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers should conduct their own due diligence on the Units.

If you do not understand the contents of the document you should consult an authorised financial adviser.

The Prospectus of any Fund is only directed at persons who meet the requirements for being treated as Professional Clients as defined by the DFSA. No other person should act, or rely, upon any Prospectus or any of the information contained therein.

A copy of the Prospectus of any Fund included in this proposal is available upon request in our premises in the DIFC.

HSBC Bank Middle East Limited, ADGM Branch, P.O.Box 35665 Abu Dhabi is regulated in the ADGM by the Financial Services Regulatory Authority. Being a branch of HSBC Bank Middle East Limited in the Dubai International Financial Center, it is lead regulated by the Dubai Financial Services Authority. This document is directed at Professional Clients only as defined by the FSRA and should not be acted upon by any other person. 

The Funds are distributed in the ADGM by HSBC Bank Middle East Limited, ADGM Branch, 3526, Al Maqam Tower, ADGM, Abu Dhabi, is regulated by the ADGM Financial Services Regulatory Authority (FSRA). The Prospectus of any Fund is only directed at persons who meet the requirements for being treated as Professional Clients as defined by the FSRA. No other person should act, or rely, upon any Prospectus or any of the information contained therein.

Funds included in this proposal may be established/incorporated in multiple jurisdictions and therefore, subject to the applicable legislation in those jurisdictions. The Funds are regulated by and have the regulatory status as mentioned in the Prospectus. The Units to which this Prospectus relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers should conduct their own due diligence on the Units. If you do not understand the contents of this document, you should consult an authorised financial adviser.

The FSRA of the ADGM accepts no responsibility for reviewing or verifying any Prospectus or other documents in connection with this Fund and the Prospectus of any Fund included in this proposal is not subject to any form of regulation or approval by the FSRA. The FSRA has no responsibility for reviewing or verifying any Prospectus or other documents in connection with these Funds and accordingly, the FSRA has not approved any Prospectus or any other associated documents nor taken any steps to verify the information set out in the Prospectus, and has no responsibility for it.

The Units to which the Prospectus relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers should conduct their own due diligence on the Units.

The present communication is intended to be received by its addressee only and does not, in any manner, constitute a public offering or advertisement of the products or services referred to herein. The addresser established in the addresser’s country of residence is not licensed under the laws of the addressee's country of residence and is, therefore, not subject to supervision of the local regulator in the addressee's country of residence. None of the products and services of the addresser have been approved or registered with the local regulator and the assets of the addressee are booked outside of the addressee’s country of residence.

¹For clients with bank accounts with The Hongkong and Shanghai Banking Corporation Limited, Hong Kong and The Hongkong and Shanghai Banking Corporation Limited, Singapore branch, this disclosure statement is not applicable; please read the specific disclosure statement set out further below.

The present communication is made following the addressee’s specific request without any prior solicitation with respect to the information provided in the communication. This communication is sent to the addressee for his/her information only and is not intended to be distributed to the general public at the addressee’s country of residence.

The addressee notes, acknowledges and understands that the addresser established in the addresser’s country of residence is not licensed under the laws of the addressee's country of residence and is, therefore, not subject to supervision or regulation by the local regulator at the addressee's country of residence. None of the products and services of the addresser have been approved or registered with the local regulator.

The information contained in this communication or in connection with this communication does not, and is not intended to constitute or form a part of any offer, invitation to offer or solicitation to subscribe, purchase or sell any security or other investment products or investment services. The information contained in this communication does also not constitute an invitation to enter into a transaction and for the avoidance of doubt, any information or documents provided in connection hereto not be construed as such.

This communication is not intended to provide and should not be relied upon for tax, legal or accounting advice. The addressee of this communication should consult his/her tax, legal, accounting or other advisers (as appropriate) about the content discussed and assess the relevant terms contained in this communication. The addressee should make his/her own research of the relevant terms in the material and it is up to the addressee to make a decision whether to act upon the material or not.

This communication has not been reviewed, authorised or approved by the regulatory authority of the addressee’s country of residence. The addressee is not authorized to deliver, circulate, or distribute this document, or any other documents and materials in connection with a transaction, whether directly or indirectly, electronic or otherwise, to the general public or to any particular members of the public in the addressee’s country of residence.

²This disclosure statement is applicable to the clients who have a bank account with The Hongkong and Shanghai Banking Corporation Limited, Hong Kong and/or The Hongkong and Shanghai Banking Corporation Limited, Singapore branch.

The present communication is made following the addressee’s specific request without any prior solicitation with respect to the information provided in the communication. This communication is sent to the addressee for his/her information only and is not intended to be distributed to the general public.

Where we make any recommendation in Hong Kong to you for a Financial Product (as defined in [HSBC’s] Standard Terms and Conditions) where this is permitted under applicable laws and regulations , we will take reasonable steps to ensure the suitability of the recommendation. In all other cases, you are responsible for assessing and satisfying yourself that any investment or other dealing to be entered into is in your best interest and is suitable for you. In addition to reliance on a recommendation made in Hong Kong by [HSBC] (if any), the addressee should exercise his / her own judgment in deciding whether or not a particular product is appropriate for him/her, taking into account his/her own circumstances (including, without limitation, the possible tax consequences, legal requirements and any foreign exchange restrictions or exchange control requirements which he/she may encounter under the laws of the countries of his/her citizenship, residence or domicile and which may be relevant to the subscription, holding or disposal of any investment) and, where appropriate, the addressee should consider taking professional advice including as to his/her legal, tax or accounting position. Please note that this communication is neither intended to aid in decision making for legal or other consulting questions, nor should it be the basis of any such decision. If you require further information on any product or product class or the definition of Financial Products, please contact your Relationship Manager.

This communication has not been reviewed, authorised or approved by any regulatory authority, in particular that of the addressee’s country of residence. The addressee is not authorized to deliver, circulate, or distribute this document, or any other documents and materials in connection with a transaction, whether directly or indirectly, electronic or otherwise, to the general public or to any particular members of the public.

The present communication/documentation is intended to be received by its addressee only and it does not, in any manner, constitute a public offering or advertisement targeting China-resident investors.

The present communication is intended to be received by its addressee only and does not, in any manner, constitute a public offering or advertisement of the products or services referred to herein. The addresser established in the addresser’s country of residence is not licensed under the laws of the addressee's country of residence and is, therefore, not subject to supervision of the local regulator in the addressee's country of residence. None of the products and services of the addresser have been approved or registered with the local regulator and the assets of the addressee are booked outside of the addressee’s country of residence.

The securities or other investment products referred to in this communication or in connection with this communication are not listed on the Egyptian Stock Exchange (“EGX”) or offered or sold to the public in Egypt and they have not been and will not be registered with the Egyptian Financial Supervisory Authority (“EFSA”). No offer, sale or delivery of such securities or other investment product, or distribution of any prospectus relating thereto, may be made in or from Egypt except in compliance with any applicable Egyptian laws and regulations. The securities may not be offered or sold in any form of general solicitation or general advertising or in a public offering in Egypt, without the prior approval of the EFSA.

The present communication is made following the addressee's specific request. The addresser has not solicited the addressee or otherwise offered or marketed to the addressee the products and services to which this communication refers. This communication is sent to the addressee for his/her information only and is not intended to be distributed to the general public in the addressee’s country of residence. The addressee notes, acknowledges and understands that the addresser established in the addresser’s country of residence is not licensed under the laws of the addressee's country of residence and is, therefore, not subject to supervision or regulation by the local regulator at the addressee's country of residence. None of the products and services of the addresser have been approved or registered with the local regulator.

No information in this communication is provided for the purpose of offering, marketing and sale by any means of any capital market instruments/services in the Republic of Türkiye. Therefore, this communication may not be considered as an offer made or to be made to residents of the Republic of Türkiye. Neither this communication nor any other offering material related to the offering may be utilized in connection with any offering to the public within the Republic of Türkiye without the prior approval of the CMB Capital Markets Board of Türkiye. However, pursuant to Article 15 (d) (ii) of the Decree No.32 there is no restriction on the purchase or sale of the instrument described in this document by residents of the Republic of Türkiye, provided that they purchase or sell such the instrument described in this document in the financial markets outside of the Republic of Türkiye.

The content of this communication has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“the Act”). Such approval is, unless an exemption applies, required by Section 21 of the Act. Reliance on this communication for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property invested or of incurring additional liability. If you are in any doubt about the investment to which this communication relates you should consult an authorised person specialising in advising in relation to the investment(s) described herein.

This communication is exempt from the general restriction in Section 21 of the Act on the communication of invitations or inducements to engage in investment activity on the grounds that it is made to, and only directed at persons falling within (a) article 49 of the Financial Services and Markets Act 2000 (Financial Promotion) (Order) 2005 (“the FPO”) (high net worth companies, unincorporated associations or partnerships, the trustees of high value trusts, etc.); (b) article 50 of the FPO (certified sophisticated investor) being persons who hold a current certificate in writing signed by an authorised person to the effect that they are sufficiently knowledgeable to understand the risks associated with the investment of the kind described in this communication together with a statement signed by them, within the period of 12 months ending on the day on which this communication is made, in the terms of the FPO; and (c) persons having professional experience in matters relating to investments falling within article 19(5) of the FPO (investment professionals) and (d) any persons to whom this communication may otherwise lawfully be made (together “Relevant Persons”).

³Exempt recipient are:

(i) High Net Worth companies/unincorporated associations with net assets > GBP 5 million and trustees of „high value trust“ (aggregate value of the cash and investment and which from part of the trust’s assets (before deducting the amount of its liabilities) is GPB10 million or more
(ii) Certified sophisticated investors or
(iii) Investment professionals acting in their capacity as such (i.e., not acting in their personal capacity, even if he/she works for a FCA authorized firm)

Any investments or investment activity to which this communication relates will only be available to Relevant Persons and will be engaged in only with such persons. If you are not a Relevant Person this communication is not intended for you and you should place no reliance and should not act upon it for any purposes.

This publication is a Financial Promotion for the purposes of Section 21 of the Financial Services & Markets Act 2000 and has been approved for distribution in the United Kingdom (UK) in accordance with the Financial Promotion Rules by HSBC UK Bank plc who are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.