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The three HSBC 50/50 Investment options offer a preferred 3-year GIC rate to customers combined with the Asian Tigers Stock Market GIC, Capital Growth Canadian index linked GIC, or World Selection Diversified Funds/World Selection PortfolioTM.
50/50 Asian Tigers GIC Bundle (Non-Registered)
• Selling Period: May 2, 2012 – May 25, 2012
• Investment Start Date: May 28, 2012
• Total Minimum Combined Investment Amount: CAD $10,000
• New! SMGIC Market Tracker
To purchase, visit your branch today.
Purchase the NEW 50/50 Asian Tigers Stock Market GIC bundle from HSBC Bank Canada. A guaranteed investment that combines the growth potential of our new Asian Tigers Stock Market GIC with an equal investment in a very competitive and guaranteed fixed rate GIC. Whether you're looking for a secure interest paying investment or, upside potential in your investment, the 50/50 Asian Tigers Stock Market GIC bundle delivers both!
The 50/50 Asian Tigers Stock Market GIC bundle is a new and innovative term investment solution from HSBC Bank Canada. 50% of your investment will earn annual income at a very competitive rate while the other 50% can earn a potentially higher rate of interest at maturity based on potential market growth of dynamic Asian Tiger indices (of Hong Kong, Korea, Singapore and Taiwan) - all in one investment!
Plus, your investment is 100% principal protected, eligible for CDIC coverage, and is not subject to currency risk!
50/50 Asian Tigers GIC Bundle (Non-Registered)
| INVESTMENT COMPOSITION | Stock Market GIC Portion | Special Rates GIC Portion |
| RETURN IS BASED ON | Underlying Indices: Hang Seng Index®, KOSPI 200 Index, MSCI Singapore Index SM and MSCI Taiwan IndexSM | Canadian Dollar Non-Redeemable 3 year GIC |
| TERMS AVAILABLE | 3 years | 3 years (term must match Stock Market GIC term) |
| PORTION OF PRINCIPAL INVESTED INTO THIS PRODUCT | 50% | 50% |
| MINIMUM RETURN RATE | 0% (0x% annual compound equivalent) | 2.35% fixed rate (annual compound equivalent) |
| PARTICIPATION RATE | 45% | Not applicable |
| QUARTERLY OBSERVATION RATE | 12 quarterly observation dates for the 3 year term | Not applicable |
| INDEX WEIGHTING | Hang Seng Index® = 25% KOSPI 200 Index = 25% MSCI Singapore Index(SM) = 25% MSCI Taiwan Index(SM) = 25% | Not applicable |
| INTEREST CALCULATION METHOD | Subject to the Minimum Return Rate, the amount of interest earned is calculated as follows: (1.) for each index, (a) take the average of the closing index levels on the preset quarterly observation dates; (b) subtract from the average the Initial Index Level; (c) divide this difference by the Initial Index Level to get the Average Index Return; (2.) add the Average Index Return for each index and divide by the number of applicable indices to get the Index Based Interest Rate; (3.) multiply the Index Based Interest Rate by the Participation Rate. If the Index Based Interest Rate multiplied by the Participation Rate is less than the Minimum Return Rate, only the Minimum Return Rate will be paid. | Interest is calculated daily, compounded annually and paid at maturity. |
| MINIMUM INVESTMENT IN EACH PRODUCT | $5,000 | $5,000 |
| PRINCIPAL PROTECTION | 100% principal guarantee by the issuer, either HSBC Bank Canada or HSBC Mortgage Corporation (Canada) | 100% principal guarantee by the issuer, either HSBC Bank Canada or HSBC Mortgage Corporation (Canada) |
| CDIC COVERAGE | Eligible for CDIC insurance | Eligible for CDIC insurance |
| AVAILABLE ISSUERS | 3 year term is issued by either HSBC Bank Canada or HSBC Mortgage Corporation(Canada) | 3 year term is issued by either HSBC Bank Canada or HSBC Mortgage Corporation(Canada) |
| RESTRICTIONS | Non-redeemable, non auto-renewable, not eligible for RRSP/RRIF/RESP/TFSA | Non-redeemable, non-renewable, not eligible for RRSP/RRIF/RESP/TFSA |
To review examples of how a return is calculated when the Index Based Interest Rate is both positive and negative, please see examples. 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.
(Last updated: 2010-12-06)
For additional disclosure on the indices referred to above, click Hang Seng Index®, KOSPI 200 Index, MSCI Singapore Index(SM), MSCI Taiwan Index(SM), Refer to the product Standard Terms and Conditions (non-RRSP) and the Stock Market GIC 50/50 Asian Tigers GIC Term Sheet for product details.
# For full details on sale dates, how interest is calculated and paid to you and for a description of the stock market index, please refer to the product Terms and Conditions and the Term Sheet. You may also obtain a copy of the Terms and Conditions and the Term Sheet at any HSBC branch. Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch.
