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Wayfoong Statement Gold

Issued by The Hongkong and Shanghai Banking Corporation Limited.

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This fact sheet and the Statement Gold Account Terms and

Conditions / Wayfoong Gold Account Agreement should be read

in conjunction with each other.

HSBC’s Wayfoong Statement Gold is an easy way to invest in

gold. It enables you to make buy and sell transactions in gold

with minimum effort.

Key features of Wayfoong Statement Gold

•

Wayfoong Statement Gold is 99 fine gold in mace and 100%

backed up by Loco London Gold.

•

When customers buy/sell Wayfoong Statement Gold, no

physical delivery is involved.

•

The minimum quantity available is one mace. (note: 1 tael =

10 maces)

•

Wayfoong Statement Gold holdings may be used as a

collateral for overdrafts.

Key benefits of Wayfoong Statement Gold

•

Competitively priced on both local and international markets.

•

HSBC guarantees to buy back any amount of Wayfoong

Statement Gold at the current quoted price.

•

There are no handling charges other than the actual buying or

selling price at the time of the transaction. Any fees and

charges incurred by the Bank are contained and subsumed into

the calculation of the trading spread. The spread between

buying and selling price will not exceed 4% of the prevailing

market price of gold and it generally depends on the

transaction amount and prevailing market conditions. The

Bank reserves the right to change the spread range by giving

not less than three month’s notice to account holders.

•

You can carry out transactions either by cash, cashier’s order

or by current or savings account transfer.

•

No security and storage problems as in the case of tangible

gold.

•

No risk of loss through theft or misplacement of receipt.

•

Convenient transaction times.

HSBC branches:

Mon-Fri 09:00 – 16:30

(Hours for selected branches may

vary, please refer to opening hours

of individual branches)

No service on Sat, Sun & public

holidays

Manned phonebanking

Mon-Fri 07:00 – 23:59

(for HSBC Premier

(except start at 08:00 on 2 Jan &

customers), automated

26 Dec)

phonebanking,

No service on 1 Jan, 25 Dec, Sat,

Internet Banking:

Sun & public holidays

•

Transactions can be made at any HSBC branch (except

miniBanks and Day & Night Banking Centres) or via HSBC

Internet Banking.

•

All Wayfoong Statement Gold transactions and the current

worth of holdings are recorded in regularly issued statements.

You can also check out the information via HSBC Internet

Banking.

Open a gold account today

Existing HSBC Premier, PowerVantage, SmartVantage and

BusinessVantage customers can purchase Wayfoong Statement Gold

through their accounts. For other customers, opening a Wayfoong

Statement Gold account is easy via HSBC branches.

For more information:

•

Call our Direct Financial Services on 2748 3322 (for

personal customers) or 2748 8288 (for business customers)

•

Visit any designated HSBC branch

Risk Disclosure

The price of gold is volatile and customers should recognize that value of their

investment may go down as well as up. Investments in Gold are subject to

investment risk, including the possible loss of principal invested and are not

insured by any governmental agency. Wayfoong Statement Gold does not

represent a deposit of money and provides no yield nor interest. Customer should

also be aware of the risk of foreign exchange rate fluctuations and customer may

experience a loss when s/he converts Wayfoong Statement Gold back to his/her

home currency.

Note

•

The Hongkong and Shanghai Banking Corporation Limited (“the Bank”) has

taken reasonable care to ensure and hence accepts responsibility that all

statements of fact and expressions of opinion contained herein are accurate

and that no material facts have been omitted.

•

The Bank is not liable for any failure or delay in meeting its obligations due to

any causes beyond its control which shall include fires, storms, acts of God,

riots, strikes, lock-outs, wars, governmental control, restriction or prohibition

whether local or international, technical failure of any equipment, power

failures, black-outs or any other cause which results or is likely to result in the

erratic behaviour of the commodity prices, the closure of international gold

markets and the local gold and silver exchange or any other cause affecting

the operation of the Wayfoong Statement Gold.

•

Unit sale/purchase prices quoted by us take into account the Loco London

Gold price from Reuters page ASAP, the exchange rate between the United

States dollar and Hong Kong dollar, and the gold fineness of the troy ounce

and mace.

•

This document is not intended to provide and should not be relied upon for tax,

legal or accounting advice, investment recommendation or a credit or other

evaluation of the product. Prospective investors should consult their tax, legal,

accounting or other advisors.

•

The Bank may close the Wayfoong Statement Gold account by giving not less

than one month’s prior notice, or such a shorter period subject to the approval

by the Securities and Futures Commission, to the customer. The customer

could suffer a loss from the sale of gold upon account closure, depending on

the price of gold upon account closure.

•

The product is subject to both the actual and perceived measures of the credit

worthiness of the Bank and there is no assurance of protection against a

default by the Bank in respect of its repayment obligations.

•

The terms and conditions governing the Statement Gold account are governed

by and shall be construed in accordance with the laws of the Hong Kong

Special Administrative Region.

•

In giving this authorization, the Securities and Futures Commission has made

no assessment of, nor does it take responsibility for the financial soundness or

merits of the scheme nor has it verifies the accuracy or truthfulness of

statements made on opinions expressed in the document etc.

•

If you have any feedback or complaint about any aspect of the service you

have received, please contact our Hong Kong branches, call us on (852) 2748

3322, or write to the Quality Service Management Department at GPO Box 64,

Hong Kong, or send an email to [email protected]. We will respond to a

complaint within a reasonable period of time normally not exceeding 30 days

in general circumstances. If you are not satisfied with the outcome of your

complaint, you have the right to refer the matter to the Banking Services

Complaints Unit of Hong Kong Monetary Authority at 55th Floor Two

International Finance Centre, 8 Finance Street, Central, Hong Kong.

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