Equity-linked investments

• An equity-linked investment (ELI) is a complex product and you should exercise caution in relation to the product. This is a structured product which may involve derivatives. The investment decision is yours but you should not invest 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.
• An equity-linked investment is a structured investment product. It is not a protected deposit and it is not protected under the Deposit Protection Scheme in Hong Kong.
• The price of structured products may move up or down. Losses may be incurred rather than profit made as a result of buying and selling structured products.
• You should not make investment decisions based on marketing materials alone.
  
• Investment involves risk. Past performance is not indicative of future performance.

Please see the detailed risk disclosure – equity-linked investments section. Kindly refer to the offering documents for further details including product features, fees, charges and risk factors.

Note: Equity Linked Investments (ELIs) and  structured notes subscription service is only available during trading hours.

Our award-winning Equity Linked Investments (ELI) online trading platform makes investing simpler and more convenient

• 100% principal protected and non-principal protected solutions available
• Customise your own product online[@investment-selected-products-only],[@customiseowneli] with access to more than 250 Hong Kong and US listed securities[@investment-selected-products-only]
• Use Scenario Analysis[@investment-selected-products-only] to view possible payouts of the specific product selected
• Guided journeys and filters to narrow down products according to you selection criteria
• Reference underlying past performance

You can open an investment account on the HSBC HK App and start trading with us in minutes.

You can call us on (852) 2233 3733 if you have any enquiries about investments. Lines are open between 9:00am and 6:00pm, Mondays to Fridays; and between 9:00am and 1:00pm on Saturdays, except on public holidays.

You can use our Guided Search and filters to narrow down products according to your selection criteria. You should consider your own circumstances including whether your risk tolerance is up to date and appropriate for the investment. You should also take into account whether the product matches with your financial situation, investment knowledge and/or experience, investment objectives, investment period, capital protection and liquidity preferences.

If you have any further questions, please visit a branch or contact your Relationship Manager for assistance.

To create your own structured product, you can use the 'Create your DCDC ELI product' feature to select your desired underlying equities and parameters.

You can take reference from existing products and create your own by modifying existing products; or by reviewing, editing or removing the quotes you saved.

Please note that this feature is intended for use by experienced ELI customers. If you're not experienced or you have any questions, please visit a branch or reach out to your Relationship Manager for support.

The ELIs online trading platform processes ELIs linked to HK Stock(s) orders from 9:00 am to 3:30 pm on trading days from Monday through Friday (Hong Kong Time) ("HKT") (excluding Hong Kong public holidays, half-day trading, or market disruption days).

While for ELIs linked with US Stock(s), the ELIs online trading platform processes ELIs orders from 9:00 am to 6:00 pm (HKT) on trading day from Monday to Friday (except for Hong Kong and United States public holidays, half-day trading, or market disruption day).

Yes, you can cancel your order online during the trading hours on the order placement date. Simply log on to HSBC Online Banking, go to the 'Order status' screen and cancel your order.

Simply log on to HSBC Online Banking and review the details on the 'Order status' screen. We will also notify you of the execution result via your message centre in HSBC Online Banking and via SMS.

We've defined some of the more common terms you may come across here.

• Autocall frequency: the observation frequency of an autocall event.
• Barrier price: this is used to determine whether the condition to the payment of a fixed potential cash dividend amount is satisfied.
• Call price: the ELI will be early terminated if the closing price of any call dates is at or above the call price.
• Exercise price: the price that is compared with the closing price of the worst performing asset as of the expiry date. It determines the final settlement payout of the ELI payable on the settlement date if a knock-in event is triggered or not applicable.
• Expiry date: the date on which the ELI will terminate, if the autocall condition was not previously satisfied and the ELI was not already terminated early due to extraordinary unforeseeable events.
  
• Fixed potential cash dividend amount: this will be paid if the closing price of the share on the specified calculation period end date is at or above the barrier price.
• Issue date: the date on which the ELI is issued and on which the purchase consideration amount will be deducted from your designated account. It is usually 6 business days after the trade date.
• Knock-in frequency: knock-in frequency is the observation frequency of a knock-in event.
• Knock-in price: an air-bag protection feature which allows you to get back your principal investment if the closing price on the expiry date falls below the exercise price and a knock-in event is not triggered. A knock-in is considered to be triggered if the closing price of the worst performing asset is at or below its knock-in price on any knock-in event date.
• Offer period: the period in which you can buy the ELI of a particular series.
• Settlement date: the date on which you will receive the final settlement payout upon expiry of the ELI, if the autocall condition had not been satisfied and the ELI had not been terminated early.
• Trade date: the last day of the offer period, on which we will execute your ELI purchase order and all the terms of the ELI you bought are finalised.
• Trade price: the price at which you have to pay for an ELI.

You might like to evaluate your own risk appetite by taking our Risk Profiling Questionnaire.

If you'd like to learn more about structured products, please see our frequently asked questions.

Yes, you are required to hold a valid W-8BEN Form record before subscribing for ELIs linked to US stock(s). If needed, you may submit a Substitute Form W-8BEN through HSBC Online Banking, HSBC HK Easy Invest app or visiting any HSBC branches in Hong Kong. Apart from that, you will have to conduct a suitability assessment with reference to your personal circumstances during the subscription process.

Our equity linked investment services include both Hong Kong and US securities as the underlying choices.

No, you can create your own ELI product with a basket of HK stocks OR US stocks, however HK stocks and US stocks cannot be put into the same basket when building one ELI product.

You can build your own ELI product linked to HK Stock(s) through HSBC Online Banking from 9:30 am to 3:10 pm on trading days from Monday through Friday (Hong Kong Time) (“HKT”) (excluding Hong Kong public holidays, half-day trading, or market disruption days).

While for ELI product linked to US Stock(s),  you can create it from 9:30 am to 5:30 pm (HKT) on trading day from Monday to Friday (except for Hong Kong and United States public holidays, half-day trading, or market disruption day).