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Guaranteed Investment Certificates (GICs) are term investments that require you to "lock in" your investment for a set length of time. They generally pay higher rates of interest than term deposits but are often not redeemable before maturity.
Canadian, USA & Global:
Registered Product and Non-Registered Product Selling period from September 2, 2010 to September 24, 2010
Asian Tigers:
Registered Product and Non-Registered Product Selling period from September 3, 2010 to September 24, 2010
Visit your branch or call 1-888-310-HSBC (4722) today.
Stock Market GICIf the market increases over the term of your investment, you earn interest up to a Potential Maximum over the term (see table below). Even if the market declines, your original investment is guaranteed and the full amount of your principal is returned at maturity. Minimum deposits apply. Not available for RRIF/TFSA. Canadian, USA, Asian and Global options are available for sale. For full details on sale dates, how interest is calculated and paid to you, including any limitations on the amount of interest you may earn and for a description of the stock market index, please refer to the product Standard Terms and Conditions ( RRSP or non-RRSP ) and the Stock Market GIC Term Sheet for the NEW! Asian Tigers, Canadian, USA or Global options. You may obtain a copy of the Standard Terms and Conditions and the relevant Term Sheet at any HSBC branch. To review examples of how a return is calculated when the Index Based Interest Rate is both positive and negative for options with both single and multiple underlying indices, please see example tables. We recommend that you REVIEW THESE EXAMPLES CAREFULLY before purchasing your Stock Market GIC to ensure you understand how your applicable interest rate will be determined. |
Stock Market GIC
Updated 2010-09-02
| Canadian | USA | NEW! Asian Tigers | Global | |
| Return based on the performance of: | S & P/TSX 60® 1 | Dow Jones Industrial Average SM Index 4 | Hang Seng Index®3, KOSPI 200 Index7, MSCI Singapore IndexSM 6, MSCI Taiwan IndexSM 6 | S & P/TSX 60® 1, Nikkei 225® 2,Dow Jones Industrial Average SM Index 4 , The Hang Seng Index 3, Dow Jones Euro STOXX Index 5 |
| Term | 3 years | 3 years | 3 years | 3 years |
| Potential Maximum interest over term | Unlimited | Unlimited | Unlimited | Unlimited |
| Participation Rate | 40% | 35% | 45% | 35% |
| Interest Calculation | The amount of interest earned is calculated by taking the difference between the average of the closing level of the S & P/TSX 60® on 12 preset quarterly observation dates and the initial closing level of the index, dividing the resulting figure by the initial closing level and multiplying this by the participation rate. If the final interest rate is less than the guaranteed minimum interest rate expressed in the terms and conditions, the minimum interest rate will be paid but no additional interest is payable. | The amount of interest earned is calculated by taking the difference between the average of the closing level of the Dow Jones Industrial Average SM Index on 12 preset quarterly observation dates and the initial closing level of the index, dividing the resulting figure by the initial closing level and multiplying this by the participation rate. If the final interest rate is less than the guaranteed minimum interest rate expressed in the terms and conditions, the minimum interest rate will be paid but no additional interest is payable. | The amount of interest earned is calculated by taking the difference between the average of the closing levels of the Hang Seng Index®, KOSPI 200 Index, MSCI Singapore IndexSM, MSCI Taiwan IndexSM on 12 preset quarterly observation dates and the initial closing level of each index and then dividing each resulting figure by the initial closing level. These four figures are then each multiplied by one quarter, added together and multiplied by the participation rate to arrive at the final interest rate payable on the principal. If the final interest rate is less than the guaranteed minimum interest rate expressed in the terms and conditions, the minimum interest rate will be paid but no additional interest is payable. | The amount of interest earned is calculated by taking the difference between the average of the closing levels of the S & P/TSX 60®1, Nikkei 225®2, Dow Jones Industrial Average SM Index4, The Hang Seng Index 3 and Dow Jones Euro STOXX5 Index on 12 preset quarterly observation dates and the initial closing level of each index and then dividing each resulting figure by the initial closing level. These five figures are then each multiplied by one fifth, added together and multiplied by the participation rate to arrive at the final interest rate payable on the principal. If the final interest rate is less than the guaranteed minimum interest rate expressed in the terms and conditions, the minimum interest rate will be paid but no additional interest is payable. |
| Minimum Investment | CAD $1000 ($500 for RRSP) | CAD $1000 ($500 for RRSP) | CAD $1000 ($500 for RRSP) | CAD $1000 ($500 for RRSP) |
| Restrictions | Non-redeemable Non-renewable Not eligible for RRIF/RESP | Non-redeemable Non-renewable Not eligible for RRIF/RESP | Non-redeemable Non-renewable Not eligible for RRIF/RESP | Non-redeemable Non-renewable Not eligible for RRIF/RESP |
| Customers who purchase an HSBC Stock Market GIC over the telephone may cancel the purchase within two days after (i) the day of purchase; or (ii) the day on which a written copy of the HSBC Stock Market GIC Standard Terms and Conditions and Stock Market GIC Term Sheet has been provided to the customer, whichever of the two dates is later. Such written Terms and Conditions and Term Sheet will be deemed to have been provided to the customer on (i) the day recorded as the time of sending by the electronic transmission system, if provided by electronic means; (ii) on the day recorded as the time of sending by fax machine, if provided by fax; (iii) five days after the postmark date, if provided by mail; and (iii) when it is received, in any other case. Customers may cancel a purchase by calling 1-888-310-HSBC (4722). | |
| 1 S&P/TSX60® Index “Standard & Poor’s®”, “S&P®”, “S&P/TSX 60 ®, are trademarks of The McGraw Hill Companies, Inc. and have been licensed for use by the HSBC Bank Canada. No certificate of deposit will be sponsored, endorsed, sold or promoted by Standard & Poor’s. Standard & Poor’s makes no representation or warranty, expressed or implied, regarding the advisability of investing in certificates of deposit generally in the HSBC Stock Market GIC particularly or the ability of the S&P/TSX 60® Index to track general stock market performance. Standard & Poor’s does not guarantee the accuracy and/or the completeness of the S&P/TSX 60® Index or the S&P 500® Index or any data included therein and Standard & Poor’s shall have no liability for any errors, omissions or interruptions therein. Standard & Poor’s makes no warranty, expressed or implied, as to results to be obtained by the Issuer, the holder of any Certificate of Deposit or any other person or entity from the use of the S&P/TSX 60® Index or the S&P 500® Index or any data included therein. Standard & Poor’s makes no expressed or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use, with respect to the S&P/TSX 60® Index or the S&P 500® Index or any data included therein. Without limiting any of the foregoing, in no event shall Standard & Poor’s have any liability for any special, punitive, indirect, or consequential damages (including lost profits) even if notified of the possibility of such damages.The Certificates of Deposit are not sponsored, endorsed, sold or promoted by the Standard & Poor’s (the “Index Sponsor”). The Index Sponsor has not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Certificates of Deposit. The Index Sponsor makes no representation or warranty, express or implied to the owners of the HSBC Stock Market GIC or any member of the public regarding the advisability of investing in certificates of deposit generally or in the HSBC Stock Market GIC particularly, or the ability of the S&P/TSX 60® Index to track general stock market performance. The Index Sponsor’s only relationship to HSBC Bank Canada and HSBC Mortgage Corporation (the “Licensees”) is in the licensing of certain trade names of the Index Sponsor , including the S&P/TSX 60® Index and the use of the S&P/TSX 60® Index which is determined, composed and calculated by the Index Sponsor without regard to HSBC Bank Canada or the HSBC Stock Market GIC. The Index Sponsor has no obligation to take the needs of the Licensees or the owners of the HSBC Stock Market GIC into consideration in determining, composing or calculating the S&P/TSX 60® Index. The Index Sponsor is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the HSBC Stock Market GICs to be issued or in the determination or calculation of the equation by which the HSBC Stock Market GICs are to be converted into cash. The Index Sponsor has no liability in connection with the administration, marketing or trading of the HSBC Stock Market GIC. | |
| 2 The Nikkei 225® Index The Nikkei Stock Average is an intellectual property of Nihon Keizai Shimbun, Inc. (the “Index Sponsor”). “Nikkei”, “Nikkei Stock Average” and “Nikkei 225” are the service marks of the Index Sponsor. The Index Sponsor reserves all the rights, including copyright to the index.HSBC Bank Canada (“the Bank”) or another member of the HSBC Group on the Bank’s behalf have entered into a non-exclusive license agreement with the Index Sponsor providing for the license to the Bank, in exchange for a fee, of the right to use certain indices owned and published by the Index Sponsor in connection with some products, including the HSBC Stock Market GIC. The responsibility for executing the business matters pursuant to the licensing agreement shall rest solely with the Bank and the Index Sponsor shall not have any obligation or responsibility therefore.Neither the Bank nor any of its products is in any way sponsored, endorsed or promoted by the Index Sponsor. The Index Sponsor does not make any warranty or representation whatsoever, express or implied, either as to the results to be obtained as to the use of the Index or the figure as which the Index stands at any particular day or otherwise. The Index is compiled and calculated solely by the Index Sponsor. However, the Index Sponsor shall not be liable to any person for any error in the Index and the Index Sponsor shall not be under any obligation to advise any person, including a purchaser or vendor of the Company, of any error therein.In addition, the Index Sponsor gives no assurance regarding any modification or change in any methodology used in calculating the Index and is under no obligation to continue the calculation, publication and dissemination of the Index. |
3The Hang Seng Index® The Hang Seng Index® (“Index”) is published and compiled by Hang Seng Indexes Company Limited pursuant to a license from Hang Seng Data Services Limited (“Index Sponsor”). The marks and names The Hang Seng Index® are proprietary to Hang Seng Data Services Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited have agreed to the use of, and reference to, the Index by HSBC Bank Canada or HSBC Mortgage Corporation (Canada) in connection with the HSBC’s Stock Market GIC (“Product”), BUT NEITHER HANG SENG INDEXES COMPANY LIMITED NOR HANG SENG DATA SERVICES LIMITED WARRANTS OR REPRESENTS OR GUARANTEES TO ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON (I) THE ACCURACY OR COMPLETENESS OF ANY OF THE INDEX AND ITS COMPUTATION OR ANY INFORMATION RELATED THERETO; OR (II) THE FITNESS OR SUITABILITY FOR ANY PURPOSE OF ANY OF THE INDEX OR ANY COMPONENT OR DATA COMPRISED IN IT; OR (III) THE RESULTS WHICH MAY BE OBTAINED BY ANY PERSON FROM THE USE OF ANY OF THE INDEX OR ANY COMPONENT OR DATA COMPRISED IN IT FOR ANY PURPOSE, AND NO WARRANTY OR REPRESENTATION OR GUARANTEE OF ANY KIND WHATSOEVER RELATING TO ANY OF THE INDEX IS GIVEN OR MAY BE IMPLIED. The process and basis of computation and compilation of the Index and any of the related formula or formulae, constituent stocks and factors may at any time be changed or altered by Hang Seng Indexes Company Limited without notice. TO THE EXTENT PERMITTED BY APPLICABLE LAW, NO RESPONSIBILITY OR LIABILITY IS ACCEPTED BY HANG SENG INDEXES COMPANY LIMITED OR HANG SENG DATA SERVICES LIMITED (I) IN RESPECT OF THE USE OF AND/OR REFERENCE TO ANY OF THE INDEX BY HSBC BANK CANADA OR HSBC MORTGAGE CORPORATION (CANADA) IN CONNECTION WITH THE PRODUCT; OR (II) FOR ANY INACCURACIES, OMISSIONS, MISTAKES OR ERRORS OF HANG SENG INDEXES COMPANY LIMITED IN THE COMPUTATION OF ANY OF THE INDEX; OR (III) FOR ANY INACCURACIES, OMISSIONS, MISTAKES, ERRORS OR INCOMPLETENESS OF ANY INFORMATION USED IN CONNECTION WITH THE COMPUTATION OF ANY OF THE INDEX WHICH IS SUPPLIED BY ANY OTHER PERSON; OR (IV) FOR ANY ECONOMIC OR OTHER LOSS WHICH MAY BE DIRECTLY OR INDIRECTLY SUSTAINED BY ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON DEALING WITH THE PRODUCT AS A RESULT OF ANY OF THE AFORESAID, AND NO CLAIMS, ACTIONS OR LEGAL PROCEEDINGS MAY BE BROUGHT AGAINST HANG SENG INDEXES COMPANY LIMITED AND/OR HANG SENG DATA SERVICES LIMITED in connection with the Product in any manner whatsoever by any broker, holder or other person dealing with the Product. Any broker, holder or other person dealing with the Product does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on Hang Seng Indexes Company Limited and Hang Seng Data Services Limited. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and Hang Seng Indexes Company Limited and/or Hang Seng Data Services Limited and must not be construed to have created such relationship.
| 4 Dow Jones Industrial Average SM Index "Dow Jones" and “Dow Jones Industrial AverageSM" are service marks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by HSBC Bank Canada. HSBC Bank Canada’s Stock Market GICs based on the Dow Jones Industrial AverageSM, are not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in such product(s).HSBC Bank Canada’s Stock Market GICs are not sponsored, endorsed, sold or promoted by Dow Jones. Dow Jones makes no representation or warranty, express or implied, to the owners of the Stock Market GICs or any member of the public regarding the advisability of investing in the Stock Market GICs. Dow Jones' only relationship to HSBC Bank Canada is the licensing of certain trademarks, trade names and service marks of Dow Jones and of the Dow Jones Industrial Average SM, which is determined, composed and calculated by Dow Jones without regard to HSBC Bank Canada or the Stock Market GIC. Dow Jones has no obligation to take the needs of HSBC Bank Canada or the owners of the Stock Market GIC into consideration in determining, composing or calculating the Dow Jones Industrial Average SM. Dow Jones is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Stock Market GICs to be issued or in the determination or calculation of the equation by which the Stock Market GICs are to be converted into cash. Dow Jones has no obligation or liability in connection with the administration, marketing or trading of the Stock Market GICs.DOW JONES DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE DOW JONES INDUSTRIAL AVERAGESM OR ANY DATA INCLUDED THEREIN AND DOW JONES SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. DOW JONES MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY HSBC BANK CANADA, OWNERS OF THE STOCK MARKET GICs, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE DOW JONES INDUSTRIAL AVERAGE SM OR ANY DATA INCLUDED THEREIN. DOW JONES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE DOW JONES INDUSTRIAL AVERAGESM OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL DOW JONES HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES OR LOSSES, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN DOW JONES AND HSBC BANK CANADA . |
| 5 Dow Jones Euro STOXX Index: License Agreement with STOXX Limited: We have entered into a nonexclusive license agreement providing for the license to us, in exchange for a fee, of the right to use certain indices owned and published by STOXX Limited in connection with some securities, including the notes. The notes are not sponsored, endorsed, sold or promoted by STOXX Limited (including its affiliates) (collectively referred to as “STOXX Limited”). STOXX Limited has not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to the notes. STOXX Limited makes no representation or warranty, express or implied to the owners of the notes or any member of the public regarding the advisability of investing in securities generally or in the notes particularly, or the ability of the SX5E to track general stock market performance. STOXX Limited has no relationship to us other than the licensing of the SX5E and the related trademarks for use in connection with the notes, which index is determined, composed and calculated by STOXX Limited without regard to us or the notes. STOXX Limited has no obligation to take our needs or the needs of the owners of the notes into consideration in determining, composing or calculating the SX5E. STOXX Limited is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the notes to be issued or in the determination or calculation of the equation by which the notes are to be converted into cash. STOXX Limited has no liability in connection with the administration, marketing or trading of the notes. STOXX LIMITED DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE SX5E OR ANY DATA INCLUDED THEREIN AND STOXX LIMITED SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS THEREIN. STOXX LIMITED MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY HSBC BANK CANADA, HOLDERS OF THE NOTES, OR ANY OTHER PERSON OR ENTITY IN CONNECTION WITH THE USE OF THE SX5E OR ANY DATA INCLUDED THEREIN. STOXX LIMITED MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE SX5E OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL STOXX LIMITED HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF. THE LICENSING AGREEMENT BETWEEN HSBC BANK CANADA AND STOXX LIMITED IS SOLELY FOR THEIR BENEFIT AND NOT FOR THE BENEFIT OF THE OWNERS OF THE NOTES OR ANY THIRD PARTIES. STOXX Limited and Dow Jones have no relationship to HSBC Bank Canada, other than the licensing of the Dow Jones EURO STOXX 50 SM and the related trademarks for use in connection with the notes. STOXX Limited and Dow Jones do not: Sponsor, endorse, sell or promote the notes. Recommend that any person invest in the notes or any other securities. Have any responsibility or liability for or make any decisions about the timing, amount or pricing of the notes. Have any responsibility or liability for the administration, management or marketing of the notes. Consider the needs of the notes or the owners of the notes in determining, composing or calculating the Dow Jones EURO STOXX 50SM or have any obligation to do so. STOXX Limited and Dow Jones will not have any liability in connection with the notes. Specifically, STOXX Limited and Dow Jones do not make any warranty, express or implied and disclaim any and all warranty about: The results to be obtained by the notes, the owner of the notes or any other person in connection with the use of the Dow Jones EURO STOXX 50SM and the data included in the Dow Jones EURO STOXX 50SM; The accuracy or completeness of the Dow Jones EURO STOXX 50SM and its data; The merchantability and the fitness for a particular purpose or use of the Dow Jones EURO STOXX 50SM and its data; STOXX Limited and Dow Jones will have no liability for any errors, omissions or interruptions in the Dow Jones EURO STOXX 50SM and its data; Under no circumstances will STOXX Limited or Dow Jones be liable for any lost profits or indirect, punitive, special or consequential damages or losses, even if STOXX Limited or Dow Jones knows that they might occur. The licensing agreement between STOXX Limited and us is solely for their benefit and not for the benefit of the owners of the notes or any other third parties. |
| 6The MSCI Singapore IndexSM and The MSCI Taiwan IndexSM The MSCI Singapore IndexSM (“SGY”) and The MSCI Taiwan IndexSM (“TWY”) are calculated, maintained and published by Morgan Stanley Capital International Inc. (“MSCI”). THE STOCK MARKET GIC (THE “FINANCIAL PRODUCT”) IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MORGAN STANLEY CAPITAL INTERNATIONAL INC. (“MSCI”), ANY OF ITS AFFILIATES, ANY OF ITS INFORMATION PROVIDERS OR ANY OTHER THIRD PARTY INVOLVED IN, OR RELATED TO, COMPILING, COMPUTING OR CREATING ANY MSCI INDEX (COLLECTIVELY, THE “MSCI PARTIES”). THE MSCI INDEXES, INCLUDING THE SGY AND TWY ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY HSBC Bank Canada and HSBC Mortgage Corporation (Canada). THIS FINANCIAL PRODUCT HAS NOT BEEN PASSED ON BY ANY OF THE MSCI PARTIES AS TO ITS LEGALITY OR SUITABILITY WITH RESPECT TO ANY PERSON OR ENTITY AND NONE OF THE MSCI PARTIES MAKES ANY WARRANTIES OR BEARS ANY LIABILITY WITH RESPECT TO THIS FINANCIAL PRODUCT. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, NONE OF THE MSCI PARTIES MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE ISSUER OR OWNERS OF THIS FINANCIAL PRODUCT OR ANY OTHER PERSON OR ENTITY REGARDING THE ADVISABILITY OF INVESTING IN FINANCIAL PRODUCTS GENERALLY OR IN THIS FINANCIAL PRODUCT PARTICULARLY OR THE ABILITY OF ANY MSCI INDEX TO TRACK CORRESPONDING STOCK MARKET PERFORMANCE. MSCI OR ITS AFFILIATES ARE THE LICENSORS OF CERTAIN TRADEMARKS, SERVICE MARKS AND TRADE NAMES AND OF THE MSCI INDEXES WHICH ARE DETERMINED, COMPOSED AND CALCULATED BY MSCI WITHOUT REGARD TO THIS FINANCIAL PRODUCT OR THE ISSUER OR OWNER OF THIS FINANCIAL PRODUCT OR ANY OTHER PERSON OR ENTITY. NONE OF THE MSCI PARTIES HAS ANY OBLIGATION TO TAKE THE NEEDS OF THE ISSUERS OR OWNERS OF THIS FINANCIAL PRODUCT OR ANY OTHER PERSON OR ENTITY INTO CONSIDERATION IN DETERMINING, COMPOSING OR CALCULATING THE MSCI INDEXES. NONE OF THE MSCI PARTIES IS RESPONSIBLE FOR OR HAS PARTICIPATED IN THE DETERMINATION OF THE TIMING OF, PRICES AT, OR QUANTITIES OF THIS FINANCIAL PRODUCT TO BE ISSUED OR IN THE DETERMINATION OR CALCULATION OF THE EQUATION BY OR THE CONSIDERATION INTO WHICH THIS FINANCIAL PRODUCT IS REDEEMABLE. NONE OF THE MSCI PARTIES HAS ANY OBLIGATION OR LIABILITY TO THE ISSUER OR OWNERS OF THIS FINANCIAL PRODUCT OR ANY OTHER PERSON OR ENTITY IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR OFFERING OF THIS FINANCIAL PRODUCT. ALTHOUGH MSCI SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THE CALCULATION OF THE MSCI INDEXES FROM SOURCES THAT MSCI CONSIDERS RELIABLE, NONE OF THE MSCI PARTIES WARRANTS OR GUARANTEES THE ORIGINALITY, ACCURACY AND/OR COMPLETENESS OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN OR THE RESULTS TO BE OBTAINED BY THE ISSUER OF THIS FINANCIAL PRODUCT, OWNERS OF THIS FINANCIAL PRODUCT, OR ANY OTHER PERSON OR ENTITY, FROM THE USE OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN AND NONE OF THE MSCI PARTIES SHALL HAVE ANY LIABILITY TO ANY PERSON OR ENTITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS OF OR IN CONNECTION WITH ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. FURTHER, NONE OF THE MSCI PARTIES MAKES ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND AND THE MSCI PARTIES HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES (INCLUDING, WITHOUT LIMITATION AND FOR PURPOSES OF EXAMPLE ONLY, ALL WARRANTIES OF TITLE, SEQUENCE, AVAILABILITY, ORIGINALITY, ACCURACY, COMPLETENESS, TIMELINESS, NON-INFRINGEMENT, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND ALL IMPLIED WARRANTIES ARISING FROM TRADE USAGE, COURSE OF DEALING AND COURSE OF PERFORMANCE) WITH RESPECT TO EACH MSCI INDEX AND ALL DATA INCLUDED THEREIN. WITHOUT LIMITING THE GENERALITY OF ANY OF THE FOREGOING, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY TO ANY PERSON OR ENTITY FOR ANY DAMAGES, WHETHER DIRECT, INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, CONSEQUENTIAL (INCLUDING, WITHOUT LIMITATION, LOSS OF USE, LOSS OF PROFITS OR REVENUES OR OTHER ECONOMIC LOSS), AND WHETHER IN TORT (INCLUDING, WITHOUT LIMITATION, STRICT LIABILITY AND NEGLIGENCE) CONTRACT OR OTHERWISE, EVEN IF IT MIGHT HAVE ANTICIPATED, OR WAS ADVISED OF, THE POSSIBILITY OF SUCH DAMAGES. |
| 7 The KOSPI 200 Index The KOSPI 200 Index is a service mark of the Korea Exchange (“KRX”) licensed for use by HSBC Bank Canada or HSBC Mortgage Corporation (Canada) (collectively the “Licensees” or individually the “Licensee”) in connection with the Stock Market GIC (the “Financial Product”). KRX DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE KRX INDEXES OR ANY DATA INCLUDED THEREIN AND KRX SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. KRX DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE KRX INDEXES OR ANY DATA INCLUDED THEREIN TO LICENSEE, PURCHASERS OF THE FINANCIAL PRODUCT LINKED TO KRX INDEXES, OR ANY OTHER PERSON OR ENTITY THAT USES THE KRX INDEXES OR ANY DATA INCLUDED THEREIN. KRX MAKES NO EXPRESS OR IMPLIES WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE KRX INDEXES OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL KRX HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. KRX makes no representation or warranty, express or implied, to the owners of the Financial Product linked to KRX Indexes or any member of the public regarding the advisability of investing in securities generally or in the Financial Product particularly or the ability of the KRX Indexes to track general stock market performance (profitability). KRX’s only relationship to the Licensee is licensing of certain trademarks and trade names of KRX and of the KRX Indexes which is determined, composed and calculated by KRX without regard to the Licensee or the content of the Financial Product. KRX has no obligation to take the needs of the Licensee or the owners of the Financial Product linked to KRX Indexes into consideration in determining, composing or calculating the KRX Indexes. KRX is not responsible for and has not participated in the determination of the timing of the issuance or sale of the derivative products linked to KRX Indexes or in the determination or calculation of the equation by which the derivative products linked to KRX Indexes is to be converted into cash. KRX has no obligation or liability to the owners of the Financial Product linked to KRX Indexes in connection with the administration, marketing or trading of the Financial Product. |
| Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch. |
