Promotional Terms and Conditions

1. The Promotional period is from 15 June to 14 August 2015, both dates inclusive (the "Promotional Period").
2. This promotion is exclusive to customers of The Hongkong and Shanghai Banking Corporation Limited, Hong Kong (the "Bank") who fulfill the following requirements:
   (a) be aged 18 or above on 14 June 2015; AND
   (b) not a citizen of the United States of America (U.S.), a U.S. resident, and/or U.S. tax payer resident.
3. The various offers under this promotion (collectively, the "Offers") are exclusive to selected accountholders of The Integrated Account - HSBC Premier (the "Premier Account") of the Bank in Hong Kong Special Administrative Region ("Hong Kong SAR") to whom this direct mailer is specifically addressed (the "Customers"). The Offers apply to any Premier Account of which the Customer is the sole or principal accountholder. Customers who successfully apply for the designated product(s)/service(s) or executed the specified amount(s) of the designated transaction(s) via the Premier Accounts as referred to in these terms and conditions during the Promotional Period will be entitled to the Offers as mentioned in this direct mailer (the "Eligible Customers"). For joint accounts, only the principal accountholder is entitled to the Offers.
4. Eligible Customers who cancel the designated product(s)/service(s) or terminate or convert their Premier Accounts (through which the designated transaction(s) are conducted) to other types of accounts before receiving the Offers will not be entitled to the Offers.
5. Unless specified below, Eligible Customers will receive Sogo Hong Kong shopping coupon(s) (the "shopping coupons") as the relevant reward(s) under this promotion. The shopping coupons will be mailed on or before 31 December 2015 to the Eligible Customer's local correspondence address maintained in the Bank's record at the time of mailing. shopping coupons are not replaceable in the event of any loss or damage, including without limitation in any lost in transit after being mailed out by the Bank.
6. The shopping coupons are available while stock lasts. The Bank reserves the right to replace the shopping coupons with alternative gifts without prior notice. The shopping coupons offered under this promotion (or any alternative gifts) cannot be converted to cash. The Bank is not responsible for and shall have no liability in respect of the quality of the products and services provided by the supplier of the shopping coupons in this promotion.
7. The Offers are provided subject to the prevailing regulatory requirements.
8. In the event of a dispute arising out of this promotion, the decision of the Bank shall be final and conclusive.
9. If there is more than one prevailing Promotional offer with respect to the same product or service (including an offer made available under a Direct Mailer programme), an Eligible Customer will only be entitled to the offer under the Direct Mailer programme unless otherwise specified. If the Eligible Customer is entitled to more than one Direct Mailing Promotional offer, the Direct Mailing offer with the highest value (as determined in the sole discretion of the Bank) will be granted.
10. The Bank reserves the right to change these terms and conditions at any time and the Offers may be withdrawn and/or terminated by the Bank at its discretion without prior notice. The Bank accepts no liability for any such change, withdrawal and/or termination.
11. Employees of the Bank are not eligible for the Offers listed in Parts (A) of the Specific Terms and Conditions below.
12. All remarks and footnotes stated in the direct mailer are intended to serve as part of the Promotional terms and conditions. If there is any discrepancy between the remarks and footnotes and the terms and conditions set out herein, these terms and conditions shall apply.
13. If there is any discrepancy between the Chinese and English versions of these terms and conditions, the English version shall prevail.
14. These terms and conditions are governed by and construed in accordance with the laws of Hong Kong SAR.
15. Each of the Bank and the customer who enjoys any promotional offer(s) in this promotion submits to the non-exclusive jurisdiction of the courts of Hong Kong SAR but these Promotional Terms and Conditions may be enforced in the courts of any competent jurisdiction.

1. To enjoy the Take Up Offers, Eligible Customers must conduct the transaction in any of the following product categories (each of (a) to (e) below is a "product category") with designated transaction amount during the Promotional Period:
   
   • Lump-sum subscriptions of Unit Trusts (excluding Unit Trust Monthly Investment Plans and switching of Unit Trusts)
   • Purchase of Bonds/Certificates of Deposit (excluding bonds in respect of initial public offering)
   • Subscription of Equity-Linked Investments
   • Subscription of Deposit Plus / Structured Investment Deposits/Capital Protected Investment Deposits
   • Placement of Renminbi/foreign currency time deposits with new funds*
   Each Eligible Customer is entitled to receive HKD250 worth of shopping coupons for each transaction with a transaction amount of at least HKD200,000 (or equivalent in other currencies). Each Eligible Customer can only enjoy the Take-up Offers once under each of the product categories (a) to (e) above.
   * Please refer to Clause 2 under Section (A) of these terms and conditions for details of New Fund Balance. Time deposit renewal and placement of time deposit with Existing Funds do not qualify. Existing Funds refer to funds (whatever currencies they are in) that the customer currently maintains with the Bank.
2. The New Fund Balance refers to the net growth in the Eligible Customer's Total Relationship Balance ("TRB") in the month of May 2015, by reference to the same in the month of August 2015, according to the Bank's record.
3. TRB includes:
   • Hong Kong dollar/Renminbi/foreign currency deposits
   • Market value of the following investments: local and overseas securities, Unit Trusts, bonds, certificates of deposit, equity linked investments, Monthly Investment Plan (stocks/Unit Trusts) and Wayfoong Statement Gold
   • Deposit amounts of Deposit Plus, Structured Investment Deposits and Capital Protected Investment Deposits
   • Utilised lending facilities (excluding mortgages and amounts outstanding on credit cards)
   • Life insurance with savings or investment component⁺
   • HSBC MPF balances and HSBC ORSO Defined Contribution Scheme balances which are administered by HSBC Life (International) Limited ("HSBC Life")
   + For life insurance with savings or investment component:
   • Investment-linked life insurance policies include the total cash value of the policies;
   • Other life insurance policies include the total cash value of the policies OR total premium paid less any annuity payments received (if applicable), whichever is higher.
   To determine your overall TRB in sole capacity, the applicable TRB of all your personal sole account(s) held or registered with the same joint accountholder(s) under the same name(s) and identity number(s), held with the same joint accountholder(s) will be included in the calculation. There may be a time lag before the value of certain investment transactions (i.e. initial public offering subscriptions for securities, bonds, open-end 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.
4. Each Eligible Customer is only entitled to the Take-Up Offers once under each of the product category irrespective of the number of product take-up under the same product category.
5. Eligible Customers who are entitled to the Take-Up Offers can only receive up to a maximum of HKD1,250 worth of shopping coupons.

1. The promotional period is from 15 June to 14 August 2015, both dates inclusive ("Time Deposit Offer Promotional Period").

   Designated Currency	Tenor	Bonus Interest Rate
   Renminbi (RMB)	1-Month	+3.00% p.a.
   Australian Dollar (AUD)		+3.00% p.a.
   Canadian Dollar (CAD)		+1.30% p.a.
   Pound Sterling (GBP)		+1.00% p.a.
   US Dollar (USD)		+1.40% p.a.

2. The above bonus interest rates are indicative as of 15 June 2015 for 1-month tenor. They are not guaranteed and subject to revision, as per prevailing market conditions.
3. This Time Deposit Offer is only applicable to customers who make an eligible currency exchange between a designated currency listed in Clause 1 above and Hong Kong Dollars with their same-name personal accounts, and place the exchanged fund for a 1-month time deposit at the same day in the Time Deposit Offer Promotional Period.
4. Subject to clause 3 above, this Time Deposit Offer is only applicable to currency exchange at telegraphic transfer rates only. The Time Deposit Offer is not applicable to exchange transactions involving notes exchange, cash deposit, notes withdrawal or inward/outward remittance.
5. The bonus interest rate will be applied on top of the Bank's published board rates.
6. The time deposit amount must be in the range of HKD50,000 to HKD5,000,000 (or other designated currency equivalent). Each customer can enjoy the Time Deposit Offer more than once.
7. Customers who do not have a Premier Account or an Integrated Account - HSBC Advance can enjoy the Offer by placing eligible time deposit via any of the HSBC branches. Customers of Premier Account or Integrated Account - HSBC Advance can enjoy the Offer by placing eligible time deposit via HSBC's 24-hour manned phonebanking services or any of the HSBC branches.
8. The Time Deposit Offer cannot be used in conjunction with any other time deposit promotion rate offers.

1. The Securities transfer-in/deposit Offer is effective from 1 January to 31 December 2015, both dates inclusive
2. The Securities transfer-in/deposit Offer is only applicable to the sole or principal account holders (the "Securities transfer-in/deposit Offer Eligible Customers") of any HSBC investment account with account suffix 380, 381 and 388 (collectively referred to as the "Securities transfer-in/deposit Offer Eligible Investment Account").
3. The Securities transfer-in/deposit Offer is a cash rebate equivalent to 0.1% of the market value of any local securities or U.S. stocks transfer-in or deposit into any Securities transfer-in/deposit Offer Eligible Investment Account outside the Bank. The Offer is not applicable to any transfer of local securities or U.S. stocks between any HSBC investment accounts. The market value of the transfer-in/deposit local security or U.S. stock is determined by the market closing price of the transfer-in/deposit local security or U.S. stock at the stock settlement date multiplying the number of shares of transferred-in/deposited local security or U.S. stock. The cash rebate is subject to a maximum of HKD5,000 for each Eligible Customers.
4. The cash rebate will be credited to the settlement account of the Securities transfer-in/deposit Offer Eligible Investment Account by 31 March 2016. Securities transfer-in/deposit Offer Eligible Customers must not terminate or downgrade these accounts by 31 March 2016 in order to enjoy this Offer.
5. Other transaction fees/charges still apply. These include, without limitation, safe custody fee for local securities and American Depository Receipt (ADR) Fee.
6. If a Securities transfer-in/deposit Offer Eligible Customer is eligible to more than one concurrently running local securities or U.S. stocks promotional offers, the Securities transfer-in/deposit Offer Eligible Customer will be entitled to one of the offers only, and the Bank reserves the right to award only the offer deemed to be of higher value to the customer at the Bank's discretion.

Risk Disclosure

• Currency conversion risk - the value of your RMB deposit/foreign currency will be subject to the risk of exchange rate fluctuation. If you choose to convert your RMB deposit/foreign currency to other currencies at an exchange rate that is less favourable than the exchange rate in which you made your original conversion to foreign currency and RMB, you may suffer loss in principal.

• Bonds/CDs are mainly for medium to long-term investment, not for short-term speculation. You should be prepared to invest your funds in bonds/CDs for the full investment tenor. You could lose part or all of your investment if you choose to sell bonds/CDs prior to maturity.
• HSBC provides indicative prices of bonds/CDs and the bonds/CDs prices may and/or do fluctuate when market changes. Factors affecting market price of bonds/CDs 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/CDs. There is an inherent risk that losses may be incurred rather than profit made as a result of buying and selling bonds/CDs.
• It is the issuer to pay interest and repay principal of bonds/CDs. If the issuer defaults, the holder of bonds/CDs may not be able to receive back the interest and principal. The holder of bonds/CDs bears the credit risk of the issuer and has no recourse to HSBC unless HSBC is the issuer itself.
• If you wish to sell bonds/CDs 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.
• There may be exchange rate risks if you choose to convert payments made on the bonds/CDs to your home currency.
• The secondary market for bonds/CDs 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 holders of bonds/CDs.
• If bonds/CDs are early redeemed, you may not be able to enjoy the same rates of return when you re-invest the funds in other investments.

• Not a time deposit - CPI is NOT equivalent to and should not be treated as a substitute for, time deposit. It is NOT a protected deposit and is NOT protected by the Deposit Protection Scheme in Hong Kong.
• Derivatives risk - CPI is embedded with FX option(s). Option transactions involve risks. If the exchange rate of the currency pair performs against expectation at the fixing time on the fixing date, you can only earn the minimum payout of the structure.
• Limited potential gain - The maximum potential gain is limited to higher payout on the deposit less the principal amount, when exchange rate of currency pair at fixing moves in line with your anticipated direction.
• Not the same as buying the linked currency - Investing in CPI is not the same as buying the linked currency directly.
• Market risk - The return of CPI will depend upon the exchange rates of currency pair against trigger rate at the fixing time on the fixing date. Movements in exchange rates can be unpredictable, sudden and drastic, and affected by complex political and economic factors. You must be prepared to take the risk of earning the lower payout/no return (if exchange rate performs against expectation) on the money invested.
• Liquidity risk - CPI is designed to be held until maturity. You do not have a right to request early termination of this product before maturity. Under special circumstances, the Bank has the right to accept your early redemption request at its sole discretion and on a case by case basis. The Bank will provide an indication of the redemption price upon such request. Your return upon such early redemption will likely be lower than that if the deposit were held until maturity and may be negative.
• Credit risk of the Bank - CPI is not secured by any collateral. When you invest in this product, you will be relying on the Bank's creditworthiness. If the Bank becomes insolvent or defaults on its obligations under this product, you can only claim as an unsecured creditor of the Bank. In the worst case, you could suffer a total loss of your deposit amount.
• Currency risk - If the deposit currency is not your home currency, and you choose to convert it back to your home currency upon maturity, you may make a gain or loss due to exchange rate fluctuations.
• Risk of early termination by the Bank - The Bank shall have the discretion to uplift a CPI or any part thereof prior to the maturity date (subject to the deduction of such break costs or the addition of such proportion of the return or redemption amount, which may result in a figure less than the original principal amount of CPI) if it determines, in its sole discretion, that this is necessary or appropriate to protect any right of the Bank to combine accounts or set-off, or any security interest, or to protect the Customer's interests.
• Risks relating to RMB - You should note that the value of RMB against other foreign currencies fluctuates and will be affected by, amongst other things, the PRC government's control (for example, the PRC government regulates conversion between RMB and foreign currencies), which may adversely affect your return under this product when you convert RMB into your home currency. The value of your RMB deposit will be subject to the risk of exchange rate fluctuation. If you choose to convert your RMB deposit to other currencies at an exchange rate that is less favourable than that in which you made your original conversion to RMB, you may suffer loss in principal. This product (if denominated in RMB) will be denominated and settled in RMB deliverable in Hong Kong, which is different from that of RMB deliverable in Mainland China.

• The ELIs are not principal protected. Investment in ELIs involves risks. The net return in relation to an ELI will depend upon stock market conditions prevailing on the valuation date. Fluctuations in stock prices can be substantial and you must be prepared to receive the share saluation amount or the relevant quantity of the underlying stock (if you have elected, or are deemed to have elected, to receive shares), whichever is applicable, or you may suffer a total loss of the capital invested in the ELI. Changes in the market prices of the underlying stock may not lead to corresponding changes in the market value of the ELI.
• You should consider whether or how much of your investment portfolio should comprise ELIs based on your own risk appetite, investment experience and investment objectives. If you have any concerns about this product, or are uncertain about the suitability of asset allocation in your investment portfolio, you should consult your professional financial advisor. You should also refer to the Offering Circular, any addendum to the Offering Circular, the latest publicly available Annual Report and Unaudited Interim Financial Results of the Issuer and the applicable Term Sheet for further details on the ELIs and the risks involved before deciding whether to invest in the ELIs. This document does not constitute an offer or an invitation to purchase or to induce an offer by any person to purchase or acquire or invest in the ELIs.
• Investment returns not denominated in home currency are exposed to exchange rate fluctuations. Rates of exchange may cause the value of investments to go up or down.
• 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 HSBC and there is no assurance of protection against a default by HSBC in respect of its payment obligations. In the worst case scenario (eg insolvency of HSBC), the investor might not be able to recover the principal and/or any interest/coupon (if any) and the potential maximum loss could be 100% of the investment amount and interest/coupon received.

• Credit risk of the Bank - DPS is not secured by any collateral. When you invest in this product, you will be relying on the Bank's creditworthiness. If the Bank becomes insolvent or defaults on its obligations under this product, you can only claim as an unsecured creditor of the Bank. In the worst case, you could suffer a total loss of your deposit amount.
• Maximum potential loss - DPS is not principal protected. You must be prepared to incur loss as a result of depreciation in the value of the currency paid (if the deposit is converted to the linked currency at maturity). Such loss may offset the interest earned on the deposit and may even result in losses in the principal amount of the deposit.

• 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).
• 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.
• 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.
• 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.
• The value of investments and the income from them can fluctuate and is not guaranteed. Investor may not get back the amount they invest.
• Investment returns not denominated in HKD or USD are exposed to exchange rate fluctuations. Rates of exchange may cause the value of investments to go up or down.
• Please refer to the offering documents of the respective funds for details, including risk factors.

• Deposit Plus and Structured Investment Deposit are not available for persons who are US citizen/with US nationality, are US resident or US tax payer, or have a US address (e.g. primary mailing, residence or business address in the US).

• There may be exchange rate risks if you choose to convert payments made on RMB related products to your home currency.
• RMB related products may suffer significant losses in liquidating the underlying investments if such investments do not have an active secondary market and their prices have large bid/offer spreads.
• In general, RMB equity products are exposed to the usual kind of default risks that might be associated with equity products denominated in other currencies.
• CPI (if denominated in RMB) will be denominated and settled in RMB deliverable in Hong Kong, which is different from that of RMB deliverable in Mainland China.

• You should consider your own risk tolerance level and financial circumstances before making any MPF investment choices. When, in your selection of funds, you are in doubt as to whether a certain fund is suitable for you (including whether it is consistent with your investment objective), you should seek financial and/or professional advice and choose the fund(s) most suitable for you taking into account your circumstances.
• Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the relevant ‘Principal Brochure'.
• HSBC Life (International) Limited is the sponsor and administrator of the HSBC MPF schemes.