Important Risk Warning: You should not invest in Structured Products unless you fully understand them, and the risks associated with this type of product. If you have any doubts about the suitability of this product, you must consult an independent professional adviser.
Structured Products involve derivatives. The investment decision is yours but you should not invest in a Structured Product unless the product has been explained to you clearly so that you can determine whether the product is suitable for you with regard to your financial situation, investment experience and investment objectives. If you are unsure about the suitability of the product or transaction, you should not subscribe or purchase the product or enter into the transaction. You should also consider seeking professional advice from your accountant, lawyer, or other professional adviser before deciding whether to invest.
Structured Products are only available to Accredited Investors who have a transaction account with HSBC Bank Australia Limited.
To qualify as a wholesale client, you must:
- have net assets of at least AUD 2.5 million dollars; or
- have a gross income for each of the last 2 financial years of at least $250,000,
The net assets and gross income criteria are required to be verified by a qualified accountant pursuant to section 761G(7)(c) of the Corporations Act 2001.
To qualify as a sophisticated investor, HSBC must undertake an assessment as to whether you meet the criteria to be classified as non-retail as defined under section 761GA of the Corporations Act 2001. To do this HSBC must be satisfied on reasonable grounds that in making an offer of the product that you have previous experience in using financial services and investing in securities and financial products that would allow you to assess:
- the merits of the product or service;
- the value of the product or service;
- the risks involved in holding the product or accepting the service;
- their own information needs;
- the adequacy of the information given by the financial services licensee offering the product or service
HSBC will make this determination in its absolute discretion and advise you in writing if you are being treated as a sophisticated investor as defined under section 761GA of the Corporations Act 2001.