Hang Seng Bank

Terms and Conditions for Subscription of Relevant Investment Products Offer:

The Promotion Period of this offer is from 6 February to 31 March 2023, both dates inclusive (the “Promotion Period”).
The offer is only applicable to customers who meet the account opening requirements and have newly opened/upgraded to Integrated Account of Prestige Banking (“Prestige Banking”) or newly opened/upgraded^ to Prestige Private at Hang Seng Bank Limited ("the Bank") branches or through digital channels (including Hang Seng Personal e-Banking) or phone banking hotline during the Promotion Period (the “Eligible Customers”), but excluding:
1. existing Prestige Banking / Prestige Private customers; or
2. customers who have ever held any Prestige Banking / Prestige Private account with the Bank in the previous 12- month period (both start and end dates are inclusive) prior to the account opening month; or
3. customers whose any accounts have been terminated in any period

Eligible Customers who have successfully subscribed for Investment Funds, Structured Products (including structured products linked to equities, funds, indexes or interest rates offered by the Bank) and/or purchase of secondary market bonds with the specified Accumulated Investment Amount via any channels of the Bank during the Promotion Period will be entitled to receive Cash Rewards as per table below:

Accumulated Investment Amount (HKD or equivalent)	Cash Rewards
HKD500,000 to less than HKD1,000,000	HKD500
HKD1,000,000 to less than HKD5,000,000	HKD1,000
HKD5,000,000 or above	HKD6,000

Eligible Customers who have successfully subscribed for Certificate of Deposit Product, MaxiInterest Investment Deposit and/or Capital Protected Investment Deposit with the specified Accumulated Investment Amount via any channels of the Bank during the Promotion Period will be entitled to receive Cash Rewards as per table below:

Accumulated Investment Amount (HKD or equivalent)	Cash Rewards
Every HKD500,000	HKD400 (The maximum cash reward amount is HKD4,000)

The offer is applicable to Eligible Customer’s subscription for and/or switching to any investment funds distributed by the Bank (except for the funds set out in paragraph (f) below) through general subscription, Advanced Switching Service^# and/or the General Fund Switching Service, subscription for structured products, purchase of secondary market bonds (except for the bonds set out in paragraph (f) below), subscribe for MaxiInterest Investment Deposit and Capital Protected Investment Deposit and/or Certificate of Deposit Product through any channels of the Bank during the Promotion Period.
The offer is not applicable to fund subscription through Hang Seng Monthly Investment Plan for Funds, fund subscriptions via SimplyFund (under the account number suffix of 384), and other funds/ fund transactions as specified by the Bank from time to time; and is not applicable to any bonds purchased from Initial Public Offering.
The Accumulated Investment Amount is calculated on a "per-Eligible Customer basis". If Eligible Customers hold more than one Prestige Banking/ Prestige Private account, the cumulative investment amount of the relevant investment product(s) will be combined.
In case the relevant Prestige Banking/ Prestige Private account is a joint-named account, only the primary account holder can enjoy the offer. Each Eligible Customer will only be eligible for a maximum of HKD10,000 Cash Reward (with the Cash Reward amount depending on the Accumulated Investment Amount).
Any investment application made after the cut-off time of the Relevant Investment Products on 31 March 2023 will not be regarded as investment application made during the Promotion Period and will not be counted towards the Accumulated Investment Amount within the Promotion Period. All such applications will be handled in the next dealing day. Please note that the cut-off time for different investment products through different channels may vary. Eligible Customers are advised to check the cut-off time for the Relevant Investment Products with our staff.
About “Accumulated Investment Amount”:
- The Accumulated Investment Amount of Relevant Investment Products will be calculated in Hong Kong dollar. Only the value of completed transactions in Prestige Banking/ Prestige Private account will be counted in determining the Accumulated Investment Amount, while the value of any cancelled or unsuccessful transactions will be excluded. If Eligible Customers hold more than one Prestige Banking/ Prestige Private account, the cumulative investment amount of the relevant investment product(s) will be combined. If the Relevant Investment Products invested during the Promotion Period are denominated in currency other than Hong Kong dollar, the Accumulated Investment Amount within the Promotion Period will be calculated by converting it into Hong Kong dollar based on the exchange rate as determined by the Bank on the last dealing day of March 2023.
- During the Promotion Period, if an Eligible Customer’s subscription or switching transactions of “Relevant Investment Products” are solely determined by the Bank as overly frequent or the holding period is too short, the Bank reserves the right to exclude such transactions when calculating the relevant Accumulated Investment Amount.
The Bank will credit the Cash Rewards into, in each case, the Hong Kong Dollar settlement account of the Eligible Customer’s Prestige Banking/ Prestige Private account on or before 30 June 2023. The Eligible Customer must still hold the relevant Prestige Banking/Prestige Private account when the Cash Reward is credited.
Unless otherwise specified, the Offer is not applicable to Commercial Banking and Private Banking customers of the Bank, and cannot be used in conjunction with other offer(s) of the Bank.
No person other than the customer and the Bank (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provision of these Terms and Conditions.
These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
These Terms and Conditions are subject to prevailing regulatory requirements.
For more details of the Offer, please contact the Bank’s staff. The Offer is offered by the Bank. The Bank reserves the right to suspend, vary or terminate the Offer and to amend these Terms and Conditions at any time without prior notice. The Bank also reserves the right of final decision on all matters relating to the Offer, which shall be binding on all parties concerned.
In case of any discrepancy between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.

^{^} From 13 February 2023, the offer is extended to customers who upgrade to Prestige Private. Customers who upgrade to Prestige Private from 6 February 2023 to 12 February 2023 can also enjoy the offer.

^# For details of the Advanced Switching Service, please refer to Hang Seng Bank website>Investments>Fund SuperMart or contact our staff.

Risk Disclosure of Investment Funds

Investors should note that all investments involve risks (including the possibility of loss of the capital invested), prices or value of investment fund units may go up as well as down and past performance information presented is not indicative of future performance. Investors should read carefully and understand the relevant Offering documents of the investment funds (including the fund details and full text of the risk factors stated therein) and the Notice to Customers for Fund Investing before making any investment decision. Investment funds are investment products and some may involve derivatives. Investors should carefully consider their own circumstances whether an investment is suitable for them in view of their own investment objectives, investment experience, preferred investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should understand the nature, terms and risks of the investment products. Investors should obtain independent professional advice if they have concerns about their investment.

Risk Disclosure of Structured Products

Structured Products involve derivatives. The investment decision is yours but you should not invest in a Structured Product unless the intermediary who sells it to you has explained to you that the Structured Product is suitable for you having regard to your financial situation, investment experience and investment objectives. Structured Product is a complex product and you should exercise caution in relation to Structured Products. The market value of the Structured Products may fluctuate and investors may sustain a total loss of their investment. Prospective investors should therefore ensure that they understand the nature of the Structured Products and carefully study the risk factors set out in the offering documents for the Structured Products and, where necessary, seek independent professional advice, before they decide whether to invest in any Structured Products. If you purchase the Structured Products, you are relying upon the creditworthiness of the Issuer of the Structured Products.
Liquidity risk - Structured Products are designed to be held to its maturity. You may not be able to sell your investment in the Structured Products before maturity. If you try to sell the Structured Products before maturity, the amount you receive may be substantially less than the investment amount you paid for the Structured Products.
Credit risk of the Structured Products issuer - Structured Products constitute general unsecured and unsubordinated contractual obligations of the issuer. When you buy Structured Products, you will be relying on the creditworthiness of the Structured Products issuer and of no other person. You have no rights under the terms and conditions of the Structured Products against any issuer of any linked underlying(s). If the relevant Structured Products issuer becomes insolvent or default on its obligations under the Structured Products, in the worst case scenario, you could lose all of your investment.
Not the same as investing in linked underlying(s) - Investing in Structured Products is not the same as investing in the linked underlying(s). Changes in the market price or level of any linked underlying(s) may not lead to a corresponding change in the market value of, or your potential gain or loss under, the Structured Products.
Before making any investment, investors should i) read and fully understand all the offering documents relating to Structured Products and all the risk disclosure statements and risk warnings therein; and ii) make investment decisions in light of your own investment objectives, financial position and particular needs and where necessary consult your own professional advisers before investing.

Important Risk Warning of Bond or Certificate of Deposit Product

Bonds and Certificates of Deposit (CDs) are investment products. The investment decision is yours but you should not invest in a bond/CD unless the intermediary who sells it to you has explained to you that the bond/CD is suitable to you having regard to your financial situation, investment experience and investment objectives. Your intermediary is under a duty to assure that you understand the nature and risks of this product, and that you have sufficient net worth to be able to assume the risks and bear the potential losses of trading in this product.
Bonds are not deposits and should not be treated as substitute for conventional time deposits.
Certificate of Deposit is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
Investors who purchase bonds/CDs are exposed to the credit risk of the issuer and guarantor (if any) of the bonds/CDs. There is no assurance of protection against a default by the issuer/guarantor in respect of the repayment obligations. In the worst case scenario, any failure by the issuer and the guarantor (if any) to perform their respective obligations under the bonds/CDs when due may result in a total loss of all of your investment.
Renminbi (RMB) is not a freely convertible currency. As such, investors trading bonds and/or CDs denominated in RMB are subject to additional risks (such as currency risk).
The above is not an exhaustive list of risk factors. Please refer to the section on “Risk Factors” in the relevant “Bond / Certificate of Deposit Trading Services” Factsheet to understand other risk factors applicable to bonds and CDs.
The information displayed does not constitute nor is it intended to be construed as any professional advice, offer, solicitation or recommendation to deal in Bonds / CDs. Investors should be aware that all investments involve risks (including the possibility of loss of the capital invested). The prices of Bonds and CDs may go up as well as down and past performance is not indicative of future performance. Investors should not only base on this information alone to make investment decisions, and should carefully consider whether an investment is suitable for them in view of their own investment objectives, investment experience, investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should read the relevant product Offering documents and terms and conditions (including the full text of the risk factors therein) in detail before making any investment decisions. Investors should obtain independent professional advice if they have concerns about their investment.
No guarantee, representation, warranty or undertaking, express or implied, is made as to the fairness, accuracy, timeliness, completeness or correctness of any general financial and market information, news services and market analysis, projections and/or opinions (“Market Information”) provided above and the basis upon which any such Market Information have been made, and no liability or responsibility is accepted by the Bank in relation to the use of or reliance on any such Market Information whatsoever provided in the webinar.
Investors must make their own assessment of the relevance, accuracy and adequacy of the information provided and make such independent research/investigations as they may consider necessary or appropriate for the purpose of such assessment. The Bank does not make any representation or recommendation or assessment as to whether or not any of the investment(s) mentioned are suitable or applicable to any persons and thus shall not be held responsible in this regard.

Risk Disclosure of MaxiInterest Investment Deposit

This is a structured product involving derivatives. The investment decision is yours but you should not invest in the MaxiInterest Investment Deposit 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. Investors should read the relevant Important Facts Statement, Terms and Conditions and risk disclosure statement before making any investment decision.
Investors should note that this product is not capital protected and is not a normal time deposit, and thus should not be considered as normal time deposit or its alternative.
Earnings on this product are limited to the nominal interest payable. As the principal and the earning will be paid in the Deposit Currency or the Linked Currency, whichever has depreciated against the other, investors will have to bear the potential losses due to currency depreciation, which may be substantial. If the product is withdrawn before maturity, investors will also have to bear the costs involved. Such losses and costs may reduce the earnings and the principal amount of this product. Investors should seek professional advice where necessary. The relevant Terms and Conditions of this product are available upon request to the staff of the Bank.
This product is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
Investment in this product is subject to the credit risk of the Bank.
Renminbi (RMB) is subject to foreign exchange control by the PRC government and thus investors investing in the MaxiInterest Investment Deposit involving RMB are subject to the currency risk of RMB.

Risk Disclosure of Capital Protected Investment Deposit

This is a structured product involving derivatives. The investment decision is yours but you should not invest in the Capital Protected Investment Deposit 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. Investor should read the Important Facts Statement of the relevant investment type, the relevant term sheet, Terms and Conditions and risk disclosure statement before making any investment decision.
Investor should note that this product is not normal time deposit and thus should not be considered as normal time deposit or its alternative.
This product is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
Investment in this product is subject to the credit risk of the Bank.
Renminbi (RMB) is subject to foreign exchange control by the PRC government and thus investors investing in the Currency-Linked Capital Protected Investment Deposit involving RMB are subject to the currency risk of RMB.