What is an equity-linked investment?
An equity-linked investment (ELI) could help you capture potential wealth opportunities even when the market is volatile or stagnant. It could give you the chance to generate potential investment returns linked to the performance of underlying equities and buy stocks at a price lower than the initial spot price.
Key features

Earn higher potential returns
Earn higher potential returns than with traditional time deposits, depending on the movement of underlying equities

Soften negative market impact
ELIs cushion you from negative market conditions using a knock-in (airbag) feature

Choose your preferred tenor
Select tenor lengths from 3 months to 2 years, depending on your needs and circumstances

Seize market opportunities at ease
An alternative for those who may find it hard to time the market, with capability to customise[@customiseowneli] your product

Enjoy unlimited cash rewards for transactions made as a new customer
During the promotion period (now till 31 December 2023), new to Equity Linked Investment, Private Placement Notes and Rate-linked Structured Note customers (who did not hold or make Equity Linked Investment, Private Placement Notes or Rate-linked Structured Note transactions during the Observation Period) can enjoy:
- a HKD500 cash rebate for every subscription of any Equity-linked Investment or any Rate-linked Structured Note with an amount HKD200,000 or equivalent in other currencies
- a HKD1,250 cash rebate for every subscription of any Private Placement Note (available to HSBC Jade Professional Investors only) with an amount HKD500,000 or equivalent in other currencies
There is no cap to the cash rebate you can earn during the promotional period.
Invest in ELIs online easily[@elionlinetradingplatform]
Our new awarded ELI online trading platform makes investing much more simple and convenient.
- Customise your own product online[@customiseowneli]
- Use 'Scenario Analysis' to view possible payouts of the specific product selected
- Guided journey and filters to narrow down products according to your selection criteria
- Reference underlying past performance
How does an ELI work?

An equity-linked investment (ELI) is a type of structured product. Its investment return is directly linked to the performance of a single underlying equity or a basket of up to 4 underlying equities.
An ELI is typically a short to medium-term investment product that may provide potential yield enhancement. On top of this potential interest, investors could either receive 100% of their initial principal investment or stock delivery of the worst-performing stock at a discounted price lower than the initial spot price upon maturity.
But in the worst case scenario, the stock price can drop to 0 which means that the stock investors receive can be worth nothing and the investor will lose the entire investment.
You can also check out the Scenario tab at the specific product selected in the ELI online trading platform to view possible scenarios illustrate with dynamic payout calculation.
Fee and charges
You won't be charged a subscription fee. However, other charges may apply.
If the underlying stock is to be delivered on the settlement date, you will be charged:
- a stamp duty of 0.13% of the transaction amount of the underlying stock deliverable at the value of the exercise price (rounded up to the nearest dollar).
- a deposit transaction charge of HKD5 per board lot of the underlying stock deposited into your investment services/securities account, at a minimum charge of HKD30 and maximum of HKD200
For other securities services, the standard securities charges will apply as advised by us when you open the account or when we notify you periodically with reasonable prior notice before the revisions.
If you have any questions, please visit us at your nearest branch.
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Wealth Management Platform of the Year – Hong Kong
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HSBC has been awarded the 'Structured Products Distributor of the Year' at the Bloomberg Businessweek – Financial Institution Awards in 2022
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