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Structured products

Diversify your portfolio so that you stay on track to meet your financial goals.

Structured products help you monetise your views and meet your needs across different risk profiles and the whole investments horizon.

  • Access a broad suite of assets and markets from around the world
  • Choices of different underlyings, currency, tenor to meet the customer needs
  • Varying degrees of capital protection depending on your appetite for risk
  • Invest in wide range of asset classes including currencies, interest rates and equities
Experience the new Equity Linked Investments online platform

How to invest

Invest in structured products with HSBC Personal Internet Banking

HSBC Personal Internet Banking users:

Log on to subscribe Structured Products

Important notice: From mid-July 2018, we will be sending notification to you on execution of trades you conduct online or via our mobile apps. Please ensure that you have provided us with a valid mobile phone number to receive such notification via SMS, or you will not be able to trade online or via our mobile apps after mid-July. You can update your mobile phone number via Personal Internet Banking or any HSBC branches in HK. View for details.

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Explore structured products

ELI Online Trading Platform

  •  Log in and place an ELI order in 3 steps
    • Receive an SMS alert after order execution (For customers who have registered to e-Alert service. SMS alert time may vary)
    • Purchase ELI anywhere within trading hours

Capture opportunity from currency market to generate interest and increase potential return

  • Capture potential gains from price movement or serve your currency needs
  • Place Deposit Plus through our 24-hour1 online and mobile platforms, which offer the longest trading hours in town
  • Opportunity to exchange your preferred currency at a lower-than-current spot rate2

1Customers can trade from Monday 6 am to Saturday 5 am except for system maintenance periods from 9 pm to 9.30pm and 5.20am to 5.35am Monday to Friday and public holidays in Hong Kong.

2May suffer loss if the deposit is converted to the linked currency.

Capital protected investment with minimum floor interest for investors and increased potential return with bullish or bearish currency view

  • 100% protection3 of your capital at maturity while you do not mind to lock up your structured investment deposit for a certain period
  • Meet your foreign currency needs such as paying children’s tuition fees, buying a home aboard, or meet your future retirement needs
  • Provide minimum floor interest rate and increase potential return

3This product is designed to return your original capital at maturity, however, if the Bank becomes insolvent or default on its obligations under this product, you could suffer a total loss of your deposit amount, please refer to "Credit risk of the Bank" in the offering document of Capital Protected Investment Deposit for details.

Capital protected investment that offers potential enhanced return based on the performance of the Interest Rate Reference Index

  • 100% protection3 of your capital at maturity while you do not mind to lock up your structured investment deposit for a certain period (e.g. from 1 to 3 years)
  • Potential to earn enhanced returns based on the performance of the Interest Rate Reference Index (e.g. HIBOR, LIBOR) only if held to maturity
  • Higher accrual in rate for interest payment if Interest Rate Reference Index stays at or within the accrual range

3This product is designed to return your original capital at maturity, however, if the Bank becomes insolvent or default on its obligations under this product, you could suffer a total loss of your deposit amount, please refer to "Credit risk of the Bank" in the offering document of Capital Protected Investment Deposit for details.

Capital protected investment offers periodic interest payment linked to an interest rate reference index

  • At maturity, receive 100% of principal3
  • Potential to earn enhanced returns based on the performance of the Interest Rate Reference Index (e.g. HIBOR, LIBOR) only if held to maturity
  • Offer periodic interest payment equivalent to the Interest Rate Reference Index, subject to a floor and cap

3This product is designed to return your original capital at maturity, however, if the Bank becomes insolvent or default on its obligations under this product, you could suffer a total loss of your deposit amount, please refer to "Credit risk of the Bank" in the offering document of Capital Protected Investment Deposit for details.

Disclaimers:

  • The information shown in this website is neither a recommendation, an offer, nor a solicitation for any investment product or service. Investment involves risk. You should carefully consider whether any investment product or service mentioned herein is appropriate for you in view of your personal circumstances. Past performance is no guide to future performance. Investors should refer to the individual product explanatory memorandum or offering document for further details and risks involved. The price of investment products may move up or down. Losses may be incurred as well as profits made as a result of buying and selling investment products.
  • Structured Products involve derivatives. The investment decision is yours but you should not invest in structured products 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.
  • Structured product is NOT equivalent to a time deposit. It is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
  • Issuer's Risk - you rely on the issuer's creditworthiness. The products are subject to both the actual and perceived measures of the credit worthiness of the issuer and there is no assurance of protection against a default by the issuer in respect of its payment obligations.
  • In the worst case scenario (e.g. insolvency of issuer), the investor may get nothing back and the potential maximum loss could be 100% of investment amount and no coupon received.
  • Deposit Plus and Structured Investment Deposit are not available for customers 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).

 

Risk disclosure – Deposits Plus

  • Not a time deposit – Deposit Plus NOT equivalent to, nor should it 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 - Deposit Plus is embedded with FX option(s). Option transactions involve risks, especially when selling an option. Although the premium received from selling an option is fixed, you may sustain a loss well in excess of such premium amount, and your loss could be substantial.
  • Limited potential gain - The maximum potential gain is limited to the interest on the deposit.
  • Maximum potential loss - Deposit Plus 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.
  • Not the same as buying the linked currency - Investing in Deposit Plus is not the same as buying the linked currency directly.
  • Market risk - The net return of Deposit Plus will depend upon the exchange rate of the deposit currency against the linked currency prevailing at the deposit fixing time on the deposit fixing date. Movements in exchange rates can be unpredictable, sudden and drastic, and affected by complex political and economic factors.
  • Liquidity risk - Deposit Plus 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 - Deposit Plus 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 and/or linked 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.
  • 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. The value of your investment will be subject to the risk of exchange rate fluctuation. In case you receive RMB as Linked Currency at maturity and you choose to convert your maturity proceed to other currencies, you may suffer loss in principal. This product will be denominated (if Deposit Currency being RMB) and settled (when receive RMB at maturity) in RMB deliverable in Hong Kong, which is different from that of RMB deliverable in Mainland China.

 

Risk disclosure - Currency Linked III

  • Not a time deposit - Currency Linked III is NOT equivalent to, nor should it 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 - Currency Linked III 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 Currency Linked III is not the same as buying the linked currency directly.
  • Market risk - The return of Currency Linked III 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 - Currency Linked III 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 - Currency Linked III 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 Deposit 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 the Deposit) 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 RMBagainst 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.

 

Risk disclosure - Interest Rate Range Accrual

  • Not a time deposit - Interest Rate Range Accrual is NOT equivalent to, nor should it 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 - Interest Rate Range Accrual is embedded with interest rate option(s). Option transactions involve risks. If the Interest Rate Reference Index stays outside of the Accrual Range throughout the whole deposit period, you could earn no interest return.
  • Limited potential gain - The maximum potential gain is limited to the interest on the deposit calculated based on the Accrual In Rate.
  • Market risk - The interest return of the Interest Rate Range Accrual will depend upon the Interest Rate Reference Index during the deposit period. Interest rate movements can be unexpected, sudden and drastic, and can be affected by complex political and economic factors. You could earn no interest return if the Interest Rate Reference Index stays outside the accrual range throughout the deposit period. You must be prepared to take the risk of earning a very low return or even no return on the money invested.
  • Liquidity risk - Interest Rate Range Accrual is designed to be held until maturity. You should not use it as a short term investment vehicle. 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 - Interest Rate Range Accrual 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 is not in 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 Deposit 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 the Deposit) 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.

 

Risk Disclosure - Capped and Floored Floater

  • Not a time deposit - Capped & Floored Floater Deposit is NOT equivalent to, nor should it 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 - Capped & Floored Floater Deposit is embedded with interest rate option(s). Option transactions involve risks. If the Interest Rate Reference Index increases above the cap, the Interest Cap will limit the upside potential of interest return.
  • Limited potential gain - The maximum potential gain is limited to the interest on the deposit calculated based on the Interest Cap.
  • Principal protection at maturity only - The principal protection feature is only applicable if this product is held to maturity. If you redeem the deposit before maturity, you may receive an amount significantly less than the initial investment, even if the level of the linked interest rate has moved in a favourable direction, as the Bank will incur cost in obtaining the funds in the money market for the remainder of the deposit period.
  • Market risk - The interest return of a Capped & Floored Floater Deposit will depend upon the Interest Rate Reference Index on the relevant Valuation Dates during the relevant deposit period. Interest rate movements can be unexpected, sudden and drastic, and can be affected by complex political and economic factors. The Interest Cap may limit the upside potential of interest return, should the Interest Rate Reference Index increase to above the Interest Cap. You must be prepared to take the risk of earning a very low return on the money invested.
  • Liquidity risk - Capped & Floored Floater Deposit is designed to be held until maturity. You should not use it as a short term investment vehicle. Early redemption is only offered twice a month after the initial 6 months. Apart from this, under special circumstances, the Bank has the right to accept your ad-hoc 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.
  • Reinvestment risk - If you redeem the deposit before maturity, you must be prepared to risk the interest that might otherwise have been earned if the deposit is not early redeemed. Also, you may not be able to enjoy the same rate of return if you re-invest in other investments with similar risk parameters.
  • Credit risk of the Bank - Capped & Floored Floater Deposit 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 Deposit 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 the Deposit) 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.

 

Risk Disclosure – Equity Linked Investments

The following risks should be read together with the other risks contained in the "Risk Warnings" section in the relevant offering documents of the ELIs

  • You should note that the information contained in this website does NOT form part of the offering documents of our ELIs. You should read all the offering documents of our ELIs (including the programme memorandum, the financial disclosure document, the relevant product booklet and the indicative term sheet and any addendum to any of such documents) before deciding whether to invest in our ELIs. If you have doubt on the content of this website, you should seek independent professional advice.
  • Not a time deposit - ELI is NOT equivalent to, nor should it 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.
  • Not principal protected – ELIs are not principal protected: you could lose all of your investment.
  • Limited potential gain – you may not receive any potential cash dividend amount - The maximum potential gain under this product is capped at an amount equal to the sum of the difference between the issue price and the nominal amount of the ELIs (if any) (less any cash settlement expenses) and the maximum periodic potential cash dividend amount(s) payable during the scheduled tenor (i.e the period from (and including) the issue date to (and including) the settlement date) of the ELIs. It is possible that you may not receive any potential cash dividend amount for the entire scheduled tenor of the ELIs.
  • Re-investment risk - If our ELIs are early terminated, we will pay you the nominal amount of the ELIs (less any cash settlement expenses) and any accrued potential cash dividend amount calculated up to (and including) that call date. No further potential cash dividend amount will be payable following such early termination. Market conditions may have changed and you may not be able to enjoy the same rate of return if you re-invest these proceeds in other investments with similar risk parameters.
  • No collateral – ELIs are not secured on any of our assets or any collateral.
  • Limited market making arrangements are available and you may suffer a loss if you sell your ELIs before expiry - Our ELIs are designed to be held to their settlement date. Limited market making arrangements are available on a bi-weekly basis for all our ELIs. If you try to sell your ELIs before expiry, the amount you receive for each ELI may be substantially less than the issue price you paid for each ELI.
  • Not the same as investing in the reference asset – Investing in our ELIs is not the same as investing in the reference asset. Changes in the market price of the reference asset may not lead to a corresponding change in the market value of, or your potential payout under, the ELIs.
  • Not covered by Investor Compensation Fund – Our ELIs are not listed on any stock exchange and are not covered by the Investor Compensation Fund. There may not be any active or liquid secondary market.
  • Maximum loss upon HSBC’s default or insolvency – Our ELIs constitute general, unsecured and unsubordinated contractual obligations of HSBC as issuer and of no other person (including the ultimate holding company of our group, HSBC Holdings plc). When you buy our ELIs, you will be relying on HSBC’s creditworthiness. If HSBC becomes insolvent or defaults on its obligations under the ELIs, in the worst case scenario, you could lose all of your investment.
  • 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-denominated ELIs 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.
  • You may, at settlement, receive physical delivery of reference asset(s).
  • Our ELIs may be terminated early by us according to the terms as set out in offering documents of our ELIs.
  • Our ELIs are structured investment products which are embedded with derivatives.
  • Investment returns (if any) 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.

 

The Hongkong and Shanghai Banking Corporation Limited is the issuer and product arranger of our ELIs.

The information contained in this website have not been reviewed by the Securities and Futures Commission of Hong Kong or any regulatory authority in Hong Kong.

Investment involves risk. The price of structured products may move up or down. Losses may be incurred as well as profits made as a result of buying and selling structured 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.

The information contained in this website does not constitute a solicitation for making any deposit or an offer for the purchase or sale or investment in any products.