Equity Linked Investments ("ELIs") are structured products involving derivatives. The investment decision is yours but you should not invest in the ELIs 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 offering documents of the ELIs before making any investment decision.
Some ELIs are non capital protected - ELIs are unlisted structured products embedded with derivatives. Some ELIs are not capital protected. In the worst case scenario , investors may lose all of the investment.
Some ELIs are partially capital protected at maturity – Provided that you hold the ELIs until maturity and the ELIs are not otherwise early terminated, there are some ELIs are partially capital protected at maturity. The payout that you receive at maturity may be less than your initial investment amount but is subject to a base redemption level.
ELIs are unlisted structured products embedded with derivatives and are not equivalent to nor should they be treated as time deposits. They are NOT protected deposits for the purposes of the Deposit Protection Scheme.
ELIs are defined as complex products under the guideline on Online Distribution and Advisory Platforms from Securities and Futures Commission (“SFC”), you should exercise caution in the relation to this product.
Investors should also read the risk factors set out in the relevant offering documents of the ELIs.
This webpage does not constitute any offer, invitation or recommendation to any person to purchase any ELIs described herein.
Know more about ELIs
ELIs are structured products where the investment returns are linked to the performance of the underlying equities
Flexibility in features
With a flexibility in selecting different tenor and product features, ELIs could be tailored to meet your investment needs
Online Trading Services
Conveniently subscribe for ELIs with a user-friendly online trading platform
In certain circumstances, investors may earn higher potential returns compared to conventional time deposits, depending on the changes in the values of the underlying assets
Flexible tenor ranging from 1 month to 3 years
ELIs with callable feature allows investors to receive the potential return and their invested capital before the maturity date
ELIs may be linked to shares or fund units that are listed on a stock exchange
ELIs could be linked to a single stock or a basket of stocks
Some ELIs include airbag feature, in which case the settlement at maturity will depend on whether an airbag lapse event has occurred
Airbag level is usually expresses as a percentage of the underlying asset's initial spot price, and is usually set lower than its strike price
You can place an ELI order at any Hang Seng Bank Branches or through Hang Seng Personal e-Banking.
Some ELIs include partial capital protection feature at maturity, subject to a base redemption level.
The base redemption level, usually specified as a percentage, range from 70%-99.9% of the nominal value.
The following risks should be read together with the other risk factors contained in the relevant offering documents of the ELIs.
Information contained in this website has not been reviewed by the Securities and Futures Commission of Hong Kong or any regulatory authority in Hong Kong.
Some ELIs are non capital protected - ELIs are unlisted structured products embedded with derivatives. Some ELIs are not capital protected. In the worst case scenario, investors may lose all of the investment.
Some ELIs are partially capital protected at maturity - Provided that you hold the ELIs until maturity and the ELIs are not otherwise early terminated, there are some ELIs are partially capital protected at maturity. The payout that you receive at maturity may be less than your initial investment amount but is subject to a base redemption level.
Not protected deposit - ELIs are not equivalent to nor should they be treated as time deposits. ELIs are not protected deposits for the purposes of the Deposit Protection Scheme.
Liquidity risk. ELIs are designed to be held to its maturity. You may not be able to sell your investment in the ELIs before maturity. If you try to sell the ELIs before expiry, the amount you receive may be substantially less than the investment amount you paid for the ELI.
Credit risk of the ELI issuer - ELIs constitute general unsecured and unsubordinated contractual obligations of the issuer. When you buy ELIs, you will be relying on the creditworthiness of the ELI issuer and of no other person. You have no rights under the terms and conditions of ELIs against any issuer of any linked stock. If the relevant ELI issuer becomes insolvent or default on its obligations under the ELIs, in the worst case scenario, you could lose all of your investment.
Not the same as investing in linked stock - Investing in ELIs is not the same as investing in the linked stock(s). Changes in the market price or level of any linked stock(s) may not lead to a corresponding change in the market value of, or your potential gain or loss under, the ELIs.
|Programme for the Issue of Non-Capital Protected Unlisted Equity Linked Structured Products offered by Hang Seng Bank Limited:|
|Financial Disclosure Document||Details|
|Product Booklet - Hang Seng Single Stock Callable ELIs||Details|
|Product Booklet - Hang Seng Basket Stocks Callable ELIs||Details|
|Product Booklet - Hang Seng Single Stock Bull ELIs with Potential Upside Cash Distribution||Details|
|Product Booklet - Hang Seng Basket Stocks Bull ELIs with Potential Upside Cash Distribution||Details|
|Product Booklet - Hang Seng Basket Stocks Bull ELIs with Potential Upside Cash Distribution and Partial Capital Protection at Maturity||Details|
To learn more about ELIs, please visit "The Chin Family" website.
The ELIs online trading platform processes ELIs orders from 9:00am to 3:30pm on trading day from Monday to Friday (except for Hong Kong public holidays, half day trading, or market disruption day).
You can convert the currency via your Personal e-banking account or instruct the Bank to convert it in your account prior to your ELIs order placement. Please be reminded that an ELIs order will be rejected if there is insufficient funds in the relevant currency in your account.
If there are any corporate actions relating to your ELIs holding, we will provide you with a written notification based on your registered contact information with the Bank.
You will need a Securities Account to subscribe for ELIs, and for its stock delivery (if any). If you are a holder of Hang Seng Integrated Account, you may open or reactivate the Securities Account via Personal e-Banking services or by visiting any of our branches. Please be reminded that a valid Risk Profiling Record is required to be completed for an ELIs transaction.
Yes, you may log-on to Hang Seng's Personal e-Banking Services and view your order status under the "Order Status" section. You can also view your holding details in the "My Portfolio" section under the "ELIs" section.
The investment periods for ELIs usually ranges from 1 month to 3 years.
ELIs may be issued in any non-restricted and freely convertible currencies (such as AUD, CNY, EUR, GBP, HKD, JPY, NZD or USD). This will be specified in the term sheet for the relevant series of ELIs.
The settlement currency for any cash payment under the ELIs will usually be the same as the currency used when you purchased the ELIs.
This will be specified in the term sheet for the relevant series of ELIs. The minimum investment amount for ELIs may be around HK$80,000 or its equivalent in other currencies. Such minimum investment amount will be reviewed from time to time and will be specified in the term sheet for the relevant series of ELIs.
ELIs may have features such as "Airbag", “Callable” and/or "Daily Accrual".For further information, please refer to the relevant section in the “The Chin family” website.
Some of the ELIs are not capital protected, while some ELIs are partially capital protected at maturity, subject to a base redemption level specified in the relevant term sheet. In the worst case scenario, you could still lose all of your investment.
Please refer to risk factors in the relevant offering documents of the ELIs.
Once you have placed an ELIs order, you are committed to purchase the ELIs unless (i) a post-sale cooling-off period applies to the ELIs and you exercise such right to cancel or unwind your ELIs order or (ii) you exercise your right to cancel your order within the specified period as notified by your distributor. You should note that the total cash amount returned to you when you unwind your order may be substantially less than your initial investment.
A product risk rating is based on the Bank's proprietary risk rating methodology which takes into consideration of a variety of qualitative and quantitative factors. All investment products are rated on 5 risk levels (1 to 5; 1 is the lowest and 5 is the highest). A product risk rating is not a statement of fact nor recommendations to buy or sell the product. For details on how Hang Seng assigns risk ratings on ELIs, please click.
If you have any queries on product risk ratings, please contact your Relationship Manager.
Please refer to the relevant offering documents of the ELIs.