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									Wayfoong Statement Gold

This fact sheet and the Statement Gold Account Terms and           Open a gold account today
Conditions / Wayfoong Gold Account Agreement should be read
in conjunction with each other.                                    Existing HSBC Premier, PowerVantage, SmartVantage and
                                                                   BusinessVantage customers can purchase Wayfoong Statement Gold
HSBC’s Wayfoong Statement Gold is an easy way to invest in         through their accounts. For other customers, opening a Wayfoong
gold. It enables you to make buy and sell transactions in gold     Statement Gold account is easy via HSBC branches.
with minimum effort.
                                                                    For more information:
Key features of Wayfoong Statement Gold                             • Call
                                                                       (852) 2233 3322 for HSBC Premier customers
• Wayfoong Statement Gold is 99 fine gold in mace and 100%             (852) 2748 8333 for PowerVantage customers
  backed up by Loco London Gold.                                       (852) 2233 3000 for Other Personal Banking customers
• When customers buy/sell Wayfoong Statement Gold, no                  (852) 2748 8288 for Commercial Customers
  physical delivery is involved.                                    • Visit any designated HSBC branch
• The minimum quantity available is one mace. (note: 1 tael =
  10 maces)
                                                                   Risk Disclosure
• Wayfoong Statement Gold holdings may be used as a
                                                                   The price of gold is volatile and customers should recognize that
  collateral for overdrafts.
                                                                   value of their investment may go down as well as up. Investments
                                                                   in Gold are subject to investment risk, including the possible loss of
Key benefits of Wayfoong Statement Gold
                                                                   principal invested and are not insured by any governmental agency.
                                                                   Wayfoong Statement Gold does not represent a deposit of money
• Competitively priced on both local and international markets.
                                                                   and provides no yield nor interest. Customer should also be aware
• HSBC guarantees to buy back any amount of Wayfoong
                                                                   of the risk of foreign exchange rate fluctuations and customer may
  Statement Gold at the current quoted price.
                                                                   experience a loss when s/he converts Wayfoong Statement Gold
• There are no handling charges other than the actual buying or
                                                                   back to his/her home currency.
  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
                                                                   • The Hongkong and Shanghai Banking Corporation Limited (“the
  buying and selling price will not exceed 4% of the prevailing
                                                                     Bank”) has taken reasonable care to ensure and hence accepts
  market price of gold and it generally depends on the
                                                                     responsibility that all statements of fact and expressions of
  transaction amount and prevailing market conditions. The
                                                                     opinion contained herein are accurate and that no material facts
  Bank reserves the right to change the spread range by giving
                                                                     have been omitted.
  not less than three month’s notice to account holders.
                                                                   • The Bank is not liable for any failure or delay in meeting its
• You can carry out transactions either by cash, cashier’s order
                                                                     obligations due to any causes beyond its control which shall
  or by current or savings account transfer.
                                                                     include fires, storms, acts of God, riots, strikes, lock-outs, wars,
• No security and storage problems as in the case of tangible
                                                                     governmental control, restriction or prohibition whether local or
                                                                     international, technical failure of any equipment, power failures,
• No risk of loss through theft or misplacement of receipt.
                                                                     black-outs or any other cause which results or is likely to result
• Convenient transaction times.
                                                                     in the erratic behaviour of the commodity prices, the closure of
  HSBC branches:             Mon-Fri 09:00 – 16:30
                                                                     international gold markets and the local gold and silver
                             (Hours for selected branches may
                                                                     exchange or any other cause affecting the operation of the
                             vary, please refer to opening hours
                                                                     Wayfoong Statement Gold.
                             of individual branches)
                                                                   • Unit sale/purchase prices quoted by us take into account the
                             No service on Sat, Sun & public
                                                                     Loco London Gold price from Reuters page ASAP, the
                                                                     exchange rate between the United States dollar and Hong Kong
  Manned phonebanking Mon-Fri 07:00 – 23:59
                                                                     dollar, and the gold fineness of the troy ounce and mace.
  (for HSBC Premier          (except start at 08:00 on 2 Jan &
                                                                   • This document is not intended to provide and should not be
  customers), automated      26 Dec)
                                                                     relied upon for tax, legal or accounting advice, investment
  phonebanking,              No service on 1 Jan, 25 Dec, Sat,
                                                                     recommendation or a credit or other evaluation of the product.
  Internet Banking:          Sun & public holidays
                                                                     Prospective investors should consult their tax, legal, accounting
• Transactions can be made at any HSBC branch (except
                                                                     or other advisors.
  miniBanks and Day & Night Banking Centres) or via HSBC
                                                                   • The Bank may close the Wayfoong Statement Gold account by
  Internet Banking.
                                                                     giving not less than one month’s prior notice, or such a shorter
• All Wayfoong Statement Gold transactions and the current
                                                                     period subject to the approval by the Securities and Futures
  worth of holdings are recorded in regularly issued statements.

                                                                     Commission, to the customer. The customer could suffer a loss
  You can also check out the information via HSBC Internet
                                                                     from the sale of gold upon account closure, depending on the
                                                                     price of gold upon account closure.
                                                                                                                      (continue on next page)

Issued by The Hongkong and Shanghai Banking Corporation Limited.                                                                    Page 1/2
Wayfoong Statement Gold

• 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 (852) 2233 3322 for HSBC Premier customers,
  (852) 2748 8333 for PowerVantage customers or (852) 2233
  3000 for Other Personal Banking customers, or write to the
  Quality Service Management Department at GPO Box 64, Hong
  Kong, or send an email to 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.

Investor commitment
• You hold a bullish view on the price of gold.
• You should make sure you have sufficient liquid emergency
   funds to meet any unforeseen circumstances.
• You should avoid excessive investment in a single type of
   investment, with regard to its total proportion of your overall
   portfolio, in order to guard against over-exposure to any single

• The Bank is not making, and has not made, any representation
  whatsoever on the gold performance. In the purchase of gold or
  investment in any products referred to herein, you confirm that
  you are not relying on either the views or advice of the Bank or
  any other HSBC Group company.
• You confirm that you understand that the Bank does not owe
  any obligations to you to take any action other than that
  prescribed by the terms and conditions of Wayfoong Statement

Issued by The Hongkong and Shanghai Banking Corporation Limited.      Page 2/2

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