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Risk Disclosure
1. Bonds are mainly for medium to long term investment, not for short term speculation.  You should be prepared to invest your funds in bonds for the full investment tenor; you could lose part or all of your investment if you choose to sell your bonds prior to maturity.
2. It is the issuer to pay interest and repay principal of bonds.  If the issuer defaults, the holder of bonds may not be able to receive back the interest and principal. The holder of bonds bears the credit risk of the issuer and has no recourse to HSBC unless HSBC is the issuer itself.
3. Indicative bond prices are available and bond prices do fluctuate when market changes. Factors affecting market price of bonds include, and are not limited to, fluctuations in interest rates, credit spreads, and liquidity premiums. The fluctuation in yield generally has a greater effect on prices of longer tenor bonds. There is an inherent risk that losses may be incurred rather than profit made as a result of buying and selling bonds.
4. If you wish to sell the bonds purchased through HSBC, HSBC may repurchase them based on the prevailing market price under normal market circumstances, but the buying price may differ from the original selling price due to changes in market conditions.
5. There may be exchange rate risks if you choose to convert payments made on the bonds to your home currency.
6. The secondary market for bonds may not provide significant liquidity or may trade at prices based on the prevailing market conditions and may not be in line with the expectations of the bond holders.
7. If a bond is early redeemed, you may not be able to enjoy the same rates of return when you re-invest the funds in other investments.
Investment involves risk. This document does not constitute an offer for the purchase or sale of any investment 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.
   
Promotional Terms and Conditions

Welcome gifts:
1. The promotional period is from 15 September to 30 November 2009, 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 their Integrated Account - HSBC Premier since 16 March 2009.
4. For joint Accounts, only the principal Account holder is entitled to this promotional offer.
5. Eligible Customers who terminate or convert their Integrated Account -- HSBC Premier to an Integrated Account - PowerVantage / SmartVantage before the relevant redemption 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 and amount of balances / transactions.
8. The Bank reserves the right to replace the welcome gifts with alternative gifts without prior notice. The welcome gifts offered under this promotion (or alternative gifts which may be offered by the Bank) cannot be converted to cash. Eligible Customers must maintain their relevant Premier accounts by the time of welcome gift fulfilment in order to enjoy the welcome gift. If Eligible Customers terminate or convert the Account within 12 months after account opening, the Bank reserves the right to debit the rewarded amount from customer's account.
   

Specific terms and conditions for:

(A) New HSBC Premier welcome gift

9. A welcome gift of HK$700 worth of supermarket coupons 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 Sept 2009 		Account opened /
converted in Oct 2009		 Account opened /
converted in Nov 2009
Maintain a monthly average TRB of HK$1,000,000 or above (or equivalent in foreign currency) until:
31 Dec 2009 at 11:59pm 30 Jan 2010 at 11:59pm 27 Feb 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.
10. A welcome gift 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 Account before the dates set out in the table below, AND
ii) maintains such new funds in the Account together with the original TRB until the time specified in below table such that the average monthly TRB of the subsequent 3 months after the Account opening/conversion less the original TRB must be 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 three tiers will only be offered a welcome gift applicable to the highest tier.
 
 
Tier
 (i) Bring in Net Incremental New Funds specified below AND fulfill condition (ii) as stated in Clause 10 A welcome gift of either …
1

HK$1,000,000 or above
(or equivalent in foreign currency)

 HK$2,300 worth of supermarket coupons
2

HK$3,000,000 or above
(or equivalent in foreign currency)

 HK$3,300 worth of supermarket coupons
3

HK$5,000,000 or above
(or equivalent in foreign currency)

 HK$5,800 worth of supermarket coupons
   
 
  Account opened /
converted in Sept 2009		 Account  opened /
converted in Oct 2009 		Account  opened /
converted in Nov 2009
(a) Brings in the required net incremental new funds (or equivalent in foreign currency) before
30 Sept 2009 at 4:30pm 31 Oct 2009 at 4:30pm 30 Nov 2009 at 4:30pm
AND
(b) Maintains the total new funds referred to in (a) together with the original TRB until
31 Dec 2009 at 11:59pm 31 Jan 2010 at 11:59pm 28 Feb 2010 at 11:59pm
  Example 1: Assume the Eligible Customer opens/converts the Account in Sept 2009:
 
  TRB as of 31 Aug 2009 at 11:59pm Avg monthly TRB of Oct, Nov & Dec 2009 Net Incremental New Funds
Case 1: 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
Case 2: Not an existing customer of the Bank HK$0 HK$1,000,000 HK$1,000,000 - HK$0 = HK$1,000,000
   
 

Example 2: Assume the Eligible Customer opens/converts the Account in Oct 2009:
 
  TRB as of 30 Sept 2009 at 11:59pm Avg monthly TRB of Nov &
Dec 2009 & Jan 2010		 Net Incremental New Funds
Case 1: Existing non-Premier customer of the Bank
 HK$1,000,000 HK$4,000,000 HK$4,000,000 - HK$1,000,000 = HK$3,000,000
Case 2: Not an existing customer of the Bank HK$0 HK$2,000,000

HK$2,000,000 - HK$0
=HK$2,000,000
 
 

Example 3: Assume the Eligible Customer opens/converts the Account in Nov 2009:
 
  TRB as of 31 Oct 2009 at 11:59pm Avg monthly TRB of Dec 2009 & Jan & Feb 2010 Net Incremental New Funds
Case 1: Existing non-Premier customer of the Bank
 HK$1,000,000 HK$3,000,000 HK$3,000,000 - HK$1,000,000 = HK$2,000,000
Case 2: Not an existing customer of the Bank HK$0 HK$3,000,000

HK$3,000,000 - HK$0
=HK$3,000,000
 
 
+ Net Incremental New Funds are defined as the growth in terms of TRB.  The calculation is based on the difference between the customer's average monthly TRB of subsequent 3 months after the opening/conversion of the Account and the past TRB before the opening/conversion of the Account. For example, if the Account is opened/converted in Sept 2009, the customer's average TRB of October, November and December 2009 less the original TRB as of August 2009 must be equal to or greater than HK$1,000,000, HK$3,000,000 or HK$5,000,000 to be eligible for the above welcome gift. For customers new to the Bank, the original TRB as of August 2009 will be treated as zero for this calculation purpose.

11. Eligible Customers are entitled to only one welcome gift under this promotion. For Eligible Customers who qualify for both welcome gifts described in Clauses 9 and 10, the welcome gift described in Clause 10 will be offered.
12. Eligible Customers will be sent a redemption letter on or before 30 June 2010. Please refer to the redemption letter for details.
13. The welcome gifts are available while stock lasts. The Bank reserves the right to replace the welcome gifts with alternative gifts without prior notice. The welcome gifts offered under this promotion (or other alternative gifts which may be offered by the Bank) cannot be converted to cash.
 

(B) HSBC Premier MasterCard® Welcome Gift - merchant coupon(s) worth HK$100

14.

 Merchant coupon(s) worth HK$100 will be offered to each Eligible Customer who
 
i) applies for a Premier credit card as primary account holder during the Promotional Period AND
ii) maintains the relevant Premier account and the Premier Credit Card until the redemption letter is issued.
15. Eligible Customers will be sent a redemption letter on or before 30 June 2010. Please refer to the redemption letter for details.
   

(C) Welcome gift for opening HSBC Premier Integrated Investment Services Account and conducting Risk Profiling Questionnaire – merchant coupon(s) worth HK$100
16. Coupon(s) worth HK$100 will be offered to each Eligible Customer who
 
i) opens a new HSBC Premier Integrated Investment Services Account ("Eligible Investment Account") with the Bank AND
ii) successfully conducts Risk Profiling Questionnaire upon the Account opening AND
iii) maintains the relevant Premier account and the Eligible Investment Account until the redemption letter is issued.
17. Eligible Customers will be sent a redemption letter on or before 30 June 2010. Please refer to the redemption letter for details.
 
Product Offers:
Time deposit (HKD, RMB and selected foreign currencies): Interest rate up to 4.15% p.a.
18. The offer period is from 15 September to 30 November 2009 (both dates inclusive).
19. During the offer period, HSBC Premier customers must place each time deposit with New Funds to enjoy the offer.
20. Deposit amount must be in the range of: HK$50,000 to HK$5,000,000 (or in designated foreign currency equivalent).
21. HSBC Premier customers can enjoy the offer by placing eligible time deposit via HSBC's 24-hour manned phonebanking services or any of the HSBC branches.
22. Time deposit renewal does not qualify for the above offers.
23. The offer cannot be used in conjunction with any other time deposit promotion offers.
24. The Bank reserves the right to terminate or change this offer at any time without prior notice.
25. In the event of any dispute relating to this offer, the Bank's decision shall be final and conclusive.
26.

In the event of discrepancies of these terms and conditions, this English version shall prevail.
   
‡ "New Funds" refers to the net growth in the Customer's Total Deposit Balance as of the day of determination, by reference to the same as at the end of business on the 7th calendar day prior to such day, according to the Bank's record. For detailed terms and conditions of Time Deposits New Fund Bonus Interest Rate and the meaning of "Total Deposit Balance" therein contained, please refer to any of our Branches or Phonebanking Service.
Note: In the event that Renminbi is one of the selected currencies for time deposit offer, please note that Renminbi deposit service is only applicable to Hong Kong identity card holders. For information on Renminbi product / services restrictions, please refer to the factsheet available at any of HSBC branches.
 
 
  Time Deposits Indicative Rates up to (% p.a.)
Designed Currency 3-month 6-month 12-month
HKD Not applicable 0.22% 0.59%
AUD 3.15% 3.55% 4.15%
EUR 0.45% 0.75% 0.95%
GBP 0.45% 0.65% 1.00%
NZD 2.50% 2.70% 3.05%
RMB 0.76% 0.76% Not applicable
  The above Time Deposit rates are indicative as at 3 September 2009. They are not guaranteed and subject to revise, as per prevailing market conditions.
Online securities trading: $0 Brokerage Fee ("the Offer")
27. The Offer is valid from 15 September to 30 November 2009, both dates inclusive ("the Promotional Period").
28. The Offer is open to all new investment customers of The Hongkong and Shanghai Banking Corporation Limited, Hong Kong ("HSBC") who maintain an HSBC Premier Integrated Investment Services Account of which they are the sole or principal account holder ("Eligible Investment Account"). For the Offer, new investment customers are defined as customers who have opened a new HSBC Premier Integrated Investment Services Account within the Promotional Period and have not maintained or closed an Eligible Investment Account within six months prior to the Promotional Period.
29. The Offer is only applicable to local securities transactions (excluding transactions made in respect of initial public offerings and Stocks Monthly Investment Plans) effected via HSBC Personal Internet Banking (www.ebanking.hsbc.com.hk) and the Stock Express (www.hsbc.com.hk/stockexpress) through Eligible Investment Accounts during the Promotional Period ("Eligible Transactions").  Transactions effected via trading channels other than HSBC Personal Internet Banking and the Stock Express will not be entitled to the Offer.
30. Eligible Customers will enjoy $0 brokerage fee for all Eligible Transactions until the cumulative transaction total turnover of HK$2,000,000 is reached within the Promotional Period.  All subsequent transactions will be subject to standard brokerage fee. 
  The maximum brokerage reimbursement amount for each Customer with a new HSBC Premier Integrated Investment Services Account is HK$5,000.
 

Example:
Customer opens a new HSBC Premier Integrated Investment Services Account on 15 Sep 2009 and conducts the following Eligible Transactions during the Promotional Period:
 
Trade date Investment Account Transaction Amount Cumulative Transaction Total Turnover during the Promotional Period Standard Brokerage Fee Promotional Offer Brokerage Fee
21 Sep 2009 001-234567-380 HK$1,000,000 HK$1,000,000 HK$2,500 HK$0
25 Oct 2009 001-234567-380 HK$500,000 HK$1,500,000 HK$1,250 HK$0
28 Oct 2009 001-234567-380 HK$1,000,000 HK$2,500,000 HK$2,500 HK$1,250
2 Nov 2009 001-234567-380 HK$200,000 HK$2,700,000 HK$500 HK$500
Total HK$2,700,000 HK$6,750 HK$1,750
 

For the first trade in the example above, customer has yet to meet the cumulative transaction total turnover of HK$2,000,000 for HSBC Premier Integrated Investment Services Account during the Promotional Period.  As a result, the first trade's brokerage is charged at promotional $0 brokerage fee.
 

As the cumulative transaction total turnover after the second trade is still under HK$2,000,000, the second trade is charged at promotional $0 brokerage fee.

As the cumulative transaction total turnover after the third trade is met, Customer is only eligible for 0% brokerage fee for the part within the cumulative transaction total turnover of his third trade.  Hence the Customer pays the standard brokerage of 0.25% for the amount in excess (HK$500,000 x 0.25% = HK$1,250) of the cumulative transaction total turnover.
 
 

Having already exceeded the cumulative transaction total turnover for the Promotional Period, customer pays standard brokerage fee of 0.25% for the fourth and all subsequent trades.
 

For the example above, customer will be required to pay the full brokerage fee of HK$6,750 upfront and will be reimbursed for HK$5,000 for Eligible Transactions.

31. The standard brokerage fees will be deducted upfront and the portion of waived brokerage fees will be reimbursed to the settlement account of Eligible Investment Account on or before 28 February 2010. 
32. 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.
33. Customer will only be eligible for one of the $0 brokerage fee offers running concurrently at any point of time during the Promotional Period.
34. Customer must not close Eligible Investment Account and/or its related settlement account on or before 28 February 2010 in order to enjoy reimbursement of the waived brokerage fees.
35. The Offer described above is provided subject to prevailing regulatory requirements.
36. HSBC reserves the right to change these Terms and Conditions at any time.
37. In case of any dispute arising from this promotion, the decision of the Bank shall be final and conclusive.
38. In the event of any inconsistency between the English and Chinese version of these terms and conditions, the English version shall apply and prevail.
   
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.
 
Corporate Bond: Bonus one month coupon payment up to HK$1,000
39. The promotion period is from 15 September to 30 November 2009, both dates inclusive ("the Promotion Period").
40. The Offer is open to all new investment customers of The Hongkong and Shanghai Banking Corporation Limited, Hong Kong ("HSBC") who open a new HSBC Premier Integrated Investment Services Account of which they are the sole or principal account holder ("Eligible Investment Account") within the Promotional Period. For the Offer, new investment customers are defined as customers who have not maintained or closed any Eligible Investment Accounts within six months prior to the start of the Promotional Period.
41. A customer who opened an Eligible Investment Account within the Promotional Period is entitled to a payment equivalent to one month's coupon payment ("Bonus Coupon") for a corporate bond purchased during the Promotional Period ("Eligible Transaction").  The final Bonus Coupon amount, regardless of number of Eligible Transactions, is subject to a maximum of HK$1,000.
 

Example:
A customer opens an Eligible Investment Account on 15 September 2009 and purchases a corporate bond with a nominal value of HK$200,000 and a coupon rate of 5% p.a. on 15 October 2009. 

  In this case, one month's coupon payment for this bond purchase would equal to HK$833.3 (based on the calculation of HK$200,000 x 5% /12=HK$833.3). If the same Customer purchases an additional (second) bond with a nominal value of HK$100,000 with a coupon rate of 8% on 15 November 2009, he will be entitled to a further Bonus Coupon.  However, as the combined value of one month's coupon from the second bond purchase (HK$100,000 x 8% /12 = 666.7) and the first bond purchase (HK$833.3) exceeds the maximum Bonus Coupon amount of HK$1,000, the Customer is entitled to HK$1,000 in Bonus Coupon.
 
 
42. The Bonus Coupon amount will be paid in Hong Kong dollars.  If the bond and its coupon payment are denominated in a currency other than Hong Kong dollars, the Bonus Coupon amount will be converted into Hong Kong dollars on the payment calculation date at a rate specified by the Bank.
43. Corporate bond in respect of the Offer are defined as bond which are offered by HSBC Personal Financial  Services in Hong Kong which are issued by non-government and non-quasi-government entities. The Offer is not applicable to RMB bonds and Certificates of Deposit.  For choices of corporate bonds, please visit our website or call 2233 3733.
44. Customers can only receive the Bonus Coupon in respect of completed transaction.  No Bonus Coupon will be paid in respect of transaction(s) which have not been completed or have been cancelled on or before 30 November 2009.
45. If an eligible customer is also entitled to other offer, reward, gift etc. under another concurrent promotion run by the Bank in respect of an Eligible Transaction, the customer is only entitled to receive one offer of the highest value at the Bank's discretion.
46. The Bonus Coupon amount will be credited to the settlement account of Eligible Investment Account on or before 28 February 2010.
47. A customer must not close Eligible Investment Account and/or its related settlement account on or before 28 February 2010 in order to enjoy the Bonus Coupon payment.
48. Bank staff are not eligible for the promotion.
49. 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.
50. In case of dispute, the decision of the Bank shall be final and conclusive.
51. In case of discrepancies between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.
 
General terms and conditons
52. Employees of the Bank are not eligible for any promotional offers.  
53. Offers are provided subject to the prevailing regulatory requirements.
54. The Bank reserves the right to amend these terms and conditions.
55. Where there is any discrepancy between the Chinese and English versions of these terms and conditions, the English version shall apply and prevail.
56. In the event of a dispute arising out of this promotion programme, the decision of the Bank shall be final and conclusive.

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