Warning:
The contents of this document have not been reviewed or endorsed by any regulatory authority in Hong Kong or Singapore. This document provides only a broad description of some of the services and products offered by HSBC Global Private Banking. This document does not and is not intended to, provide you with a detailed description of any product and/or service. You should speak to your relationship manager for more details about the products and services mentioned herein. If you are in any doubt about any of the contents of this document, you should clarify with the bank. Where appropriate, you should consider taking professional advice including as to your legal, tax or accounting position.
This document has been issued by The Hongkong and Shanghai Banking Corporation Limited (“HSBC” or “we”) in the conduct of their respective regulated businesses in Hong Kong and Singapore respectively. It is not intended for anyone other than the recipient and should not be distributed by you to any other persons. The recipient(s) should qualify as professional investor(s) as defined under the Securities and Futures Ordinance in Hong Kong or accredited investor(s) ), institutional investor(s), or other relevant person(s) as defined under Section 275 of the Securities and Futures Act in Singapore. This document must not be distributed to any person in the United States, Canada, or in any other jurisdiction where its distribution is unlawful. It must not be reproduced or further distributed, in whole or part, for any purpose.
The use of the label ‘HSBC Global Private Banking’, ‘we’ or ‘us’ refers to HSBC’s worldwide private banking business, and is not indicative of any legal entity or relationship. This document is not directed to, or intended for use by, any person resident or located in any jurisdiction where the distribution of such information is contrary to the laws of that jurisdiction, or where HSBC does not hold the necessary license or authorisation to distribute such information.
The information contained in this document has been issued by HSBC specifically for the information of HSBC customers only. This document does not constitute independent investment research.
HSBC has based this document on information obtained from sources it believes to be reliable but which may not have been independently verified. HSBC and the HSBC Group make no guarantees, representations or warranties as to its accuracy or completeness. The information stated and/or opinion(s) expressed herein constitute best judgment at the time of publication and are subject to change without notice.
The specific investment objectives, personal situation and particular needs of any specific persons were not taken into consideration in the writing of this document. To the extent we are required to conduct a suitability assessment in Hong Kong where this is permitted by cross border rules depending on your place of domicile or incorporation, we will take reasonable steps to ensure the suitability of the product. 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 all cases, we recommend that you make investment decisions only after having carefully reviewed the relevant investment product and offering documentation [(including without limitation, the issuer's term sheet, product highlights, product brochure, product guide, pricing supplement, information memorandum, fact sheet, offering circular, prospectus, presentation)], HSBC’s Standard Terms and Conditions, the “Risk Disclosure Statement” detailed in the Account Opening Booklet, and all notices, risk warnings and disclaimers contained in or accompanying such documents and having understood and accepted the nature, risks of and the terms and conditions governing the relevant transaction and any associated margin requirements.
In addition to any suitability assessment made in Hong Kong by HSBC (if any), you should exercise your own judgment in deciding whether or not a particular product is appropriate for you, taking into account your own circumstances (including, without limitation, the possible tax consequences, legal requirements and any foreign exchange restrictions or exchange control requirements which you may encounter under the laws of the countries of your citizenship, residence or domicile and which may be relevant to the subscription, holding or disposal of any investment) and, where appropriate, you should consider taking professional advice including as to your legal, tax or accounting position.
Please note that this information 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.
Past performance is not an indication of future performance. The historical performance presented in this document is not indicative of and should not be construed as being indicative of or otherwise used as a proxy for future or specific investments. Your decision to invest should not be based mainly or solely on past performance. Past performance information may be out of date. For up-to-date information, please contact your Relationship Manager.
Other jurisdictions/group companies – where document is produced by HSBC and refers to services to be provided by group entities
Private banking may be carried out internationally by different HSBC legal entities according to local regulatory requirements. Different companies may provide the products and/or services listed in this document within HSBC Global Private Banking or by other members of the HSBC Group. Some products and/or services are not available from certain locations. Some of the HSBC Group Offices may only act as representatives of HSBC Global Private Banking, and are therefore not permitted to sell products and services, or offer advice to customers. They serve as points of contact only. Further details are available on request.
HSBC acts as agent for clients in executing transactions on registered exchanges, and acts as principal in all over-the-counter transactions with clients, except for those relating to fund products (e.g. mutual funds, unit trusts, hedge funds, private equity funds, etc.) where the Bank acts as agent or distributor on behalf of the applicable fund houses.
HSBC is part of the HSBC Group. Companies within the HSBC Group and/or their officers, directors and employees may have positions in any securities mentioned in this document (or any related or underlying investment) and may from time to time add to or dispose of any such securities (or investment). Companies within the HSBC Group may act as market maker or have assumed an underwriting commitment in securities discussed in this document (or related investments), may sell them or buy them from Investors on a principal or agency basis and may also perform or seek to perform investment banking or underwriting services for or relating to or have banking or other commercial relationships with the issuer of those securities or the issuer of the shares underlying those securities. HSBC and members of the HSBC Group may receive monetary and non-monetary benefits from HSBC affiliates or third parties in connection with the origination, distribution and/or sale of investment products to customers, some of which HSBC Global Private Banking may not be aware of, including spreads taken by another part of HSBC or HSBC Group as our counterparty.
These products may be issued by members of the HSBC Group which includes, without limitation, all branches and subsidiaries of HSBC Holdings plc including HSBC, Hang Seng Bank Limited, Hang Seng Investment Management Limited. An investment product issuer that uses "HSBC" as part of its entity name is reasonably presumed to be a member of the HSBC Group. If you are in any doubt, please contact HSBC. More information on the fees and benefits which may be received by HSBC can be found in HSBC’s Disclosure of Monetary and Non-Monetary Benefits, as well HSBC’s prevailing Schedule of Fees.
Conflicts of interest may arise which investors and HSBC may not become aware of. Separate elements within the HSBC Group may be aware of an interest or relationship which may give rise to a conflict of interest. By receipt of this information, investors are deemed to acknowledge and accept that the HSBC Group (including HSBC) may have interests or duties which conflict with investors’ interests and which would or might otherwise conflict with the duties owed by HSBC to investors. Furthermore, investors accept that HSBC’s agreement to provide services to investors does not require any other member of the HSBC Group or any HSBC division to restrict its activities in any way nor to provide investors or HSBC with any information whatsoever about, or derived from, those activities nor does it create any obligation to advise investors of any conflict of interest which exists or may arise.
© Copyright. The Hongkong and Shanghai Banking Corporation Limited. All rights reserved.
No part of this document may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of The Hongkong and Shanghai Banking Corporation Limited.
Where your location of residence differs from that of the HSBC entity where your account is held, please go to the HSBC Global Private Banking website > Disclaimer > Cross Border Disclaimer for disclosure of cross-border considerations regarding your location of residence.
Aladdin®
HSBC has engaged BlackRock Solutions to provide Aladdin Wealth™ technology for HSBC Prism Advisory.
This material is provided for informational purposes only and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are subject to change at any time without notice. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy.
Performance and risk calculations, including those incorporated into Aladdin technology, are based on assumptions, historical correlations, and other factors (such as inputs provided by the Aladdin users) and are not assured to predict future results. All graphs and screenshots are for illustrative purposes only. BlackRock’s Aladdin platform is a financial technology platform designed for financial professional, institutional, and professional investor use only and is not intended for end investor use.
Aladdin users undertake sole responsibility and liability for investment or other decisions related to the technology’s calculations and for compliance with applicable laws and regulations. The technology should not be viewed or construed by any Aladdin users, or their customers or clients, as providing investment advice or investment recommendations to any parties. BlackRock, as provider of the technology, does not assume any responsibility or liability for your compliance with applicable regulations or laws. BlackRock may modify or discontinue any functionality or service component described herein at any time without prior advance notice to you.
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