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Deposit Plus
What is Deposit Plus?
As a currency linked deposit, Deposit Plus allows you to take advantage of exchange rate movements and potentially earn a higher interest rate than with a normal Hong Kong dollar or foreign currency time deposit. This product may be suitable for investors who are happy to accept a medium level of investment risk.
Features
- Interest rates of up to 22% p.a.*
- Time deposit period ranges from one week to six months.
- Minimum time deposit amount of HKD50,000 (or its equivalent in other currencies)
- Choice of two currencies, a deposit currency and a linked currency.
- Tailor-made service for deposits at or above HKD250,000 is available
What else do I need to know?
Next Steps...
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- Call (852) 2233 3733
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Logon to HSBC Internet Banking to check foreign currency rates, setup ForEx Switching and many more.
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* Pricing indication on 15 Mar 06
Risk disclosure:
The net return in relation to Deposit Plus will depend upon market conditions prevailing at the deposit fixing time on the deposit fixing date. You must be prepared to incur loss as a result of depreciation in the value of the currency paid. Such loss may offset the interest earned on the deposit and may even result in losses in the principal amount of the deposit. If the deposit currency is not your home currency, and you choose to convert it back to your home currency at maturity, you may make a gain or loss due to exchange fluctuations. If you have any concerns about this product, you should consult our professional financial advisers.
Deposit Plus is a structured product involving derivatives. The investment decision is yours but you should not invest in Deposit Plus 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.
Deposit Plus is NOT equivalent to a time deposit. It is NOT protected under the Hong Kong Deposit Protection Scheme and the repayment of Deposit Plus is not guaranteed by the Hong Kong SAR Government's Exchange Fund.
Issuer's Risk - you rely on HSBC's creditworthiness. The product is subject to both the actual and perceived measures of the credit worthiness of the Bank and there is no assurance of protection against a default by the Bank in respect of its payment obligations.
In the worst case scenario (e.g. upon insolvency of the Bank), the investor may get nothing back and the potential maximum loss could be 100% of investment amount and no return received.
