Equity-linked Investments

* This product is not traded on any markets operated by Hong Kong Exchanges and Clearing Limited or any other stock exchanges.

Risk Disclosure
The Equity Linked Investments 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 Valuation 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 website 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. HSBC takes responsibility as to the issue and contents of this website.

The Securities and Futures Commission of Hong Kong (the"SFC") has authorized the issue of this webpage in its standard format under Section 105 of the Securities and Futures Ordinance of Hong Kong (other than the navigation menu, all visual images and all hyperlinks to other websites or to other webpages, all of which the SFC has not authorized). SFC's authorization does not imply SFC's endorsement or recommendation of the ELIs. The SFC takes no responsibility as to the issue and contents of this webpage. HSBC takes responsibility as to the issue and contents of this webpage.