Structured Products Offer
- During promotional period*, new Structured Products customers^ can enjoy the following:
- enjoy HKD1,250 cash rebate for every subscription of any Equity Linked Investment or any Private Placement Note# with amount HKD500,000 or equivalent in other currencies;
- enjoy HKD160 cash rebate for every subscription of any Capital Protected Investment Deposit or any Deposit Plus with amount of HKD200,000 or equivalent in other currencies.
- There is NO CAP to the cash rebate earned during promotional period.
Note:
* Promotional period is from now to 30 June 2022
^ No holding or transactions of Structured Products between 1 October 2021 and 31 March 2022
# Private Placement Note is only eligible to HSBC Jade Professional Investors
What is Capital Protected Investment - Currency Linked III?
Starting from HKD50,000, Capital Protected Investments - Currency Linked III (CPI III) is a way to earn potentially higher returns than a traditional time deposit. It keeps 100% of your capital protected, regardless of how your chosen foreign currency performs.
If you're new to investing or are interested in capital protected structured investment products, CPI III could be a great start to your investment journey.


Why choose CPI - Currency Linked III (CPI III)?
Get 100% protection of your capital at maturity
Choose from all major currencies, available in bullish or bearish view
Get more out of FX and use your potential returns to travel, pay for your children's education or consider other investment decisions
Enjoy a flexible range of term lengths from 3-12 months
Check out the latest interest rates for more investment ideas
How CPI - Currency Linked III (CPI III) works?
Take a look at these illustrative examples we've created to show what could happen when you invest in a CPI.
Customer view |
Deposit currency |
Deposit period |
Spot exchange rate | Trigger rate |
Upon maturity, customer receives |
---|---|---|---|---|---|
Bullish: after 1 year, AUD/USD shall appreciate to 0.7930 or above | Australian Dollar (AUD) | 1 year | 0.7480 | 0.7930 (spot exchange rate + 0.048) |
|
Customer view |
Bullish: after 1 year, AUD/USD shall appreciate to 0.7930 or above |
---|---|
Deposit currency |
Australian Dollar (AUD) |
Deposit period |
1 year |
Spot exchange rate | 0.7480 |
Trigger rate |
0.7930 (spot exchange rate + 0.048) |
Upon maturity, customer receives |
|
Return diagram:

Payout scenario: |
AUD fix at fixing | Upon maturity, customer receives | Return on investment |
---|---|---|---|
Best case scenario above the trigger rate |
0.8030 | 105.6% of principal | 5.6% of principal |
Best case scenario equals the trigger rate |
0.7930 | 105.6% of principal | 5.6% of principal |
Worst case scenario below the trigger rate |
0.7830 | 103.7% of principal | 3.7% of principal |
Payout scenario: |
Best case scenario above the trigger rate |
---|---|
AUD fix at fixing | 0.8030 |
Upon maturity, customer receives | 105.6% of principal |
Return on investment | 5.6% of principal |
Payout scenario: |
Best case scenario equals the trigger rate |
AUD fix at fixing | 0.7930 |
Upon maturity, customer receives | 105.6% of principal |
Return on investment | 5.6% of principal |
Payout scenario: |
Worst case scenario below the trigger rate |
AUD fix at fixing | 0.7830 |
Upon maturity, customer receives | 103.7% of principal |
Return on investment | 3.7% of principal |
Additional scenario: Converting AUD/USD into your home currency at maturity
Assume AUD/USD fixing is 0.7152 and at maturity, and you want to convert your maturity amount from AUD/USD back to HKD, your home currency. Let's assume the initial spot for AUD/HKD on the trade date was 5.75 and AUD/HKD depreciated by 4% during the term of your investment. This means AUD/HKD would be trading at 5.52 on the date of maturity.
In this scenario, the potential loss could offset, or exceed the potential gain if the deposit currency (AUD) depreciates against your home currency (HKD):
The principal amount in HKD at maturity minus the principal amount in HKD on the trade date is:
(103.7% x AUD17,500) x 5.52 - (AUD17,500 x 5.75)= - HKD450.8.
This represents a loss of 0.45% of the principal amount in HKD.
Scenario analysis disclaimer
The above scenarios are illustrations only, and they don't reflect a complete analysis of all possible gain and loss scenarios that may arise during any actual investment. HSBC doesn't present or guarantee that any scenario described can be duplicated under real investment conditions. Actual results may vary from the results shown above, and variations may be material.
Our fees
You'll pay no additional charges when you invest in our capital protected structured products. Any operational, administrative and hedging costs are covered when we calculate the return income and other variables of the CPI.
Things you should know
- Unfortunately this product is not available for customers who are US citizens, have a US nationality, are US residents or US tax payers or have a US address (such as a primary mailing, residence or business address in the US).
- Still undecided? To help you work out whether this is the right investment product for you, we've put together reasons why you may or may not consider investing in a CPI.