This document (including any indicative terms) has been issued by The Hong Kong and Shanghai Banking Corporation Limited (“HSBC” or the “Issuer”) for information purposes only. This document does not constitute an offer or solicitation for, or advice as to any purchase or sale of Structured Products. The Issuer is not the ultimate holding company of the group to which the Issuer belongs and with which the Issuer's name is identified. The ultimate holding company of the group to which the Issuer belongs is HSBC Holdings plc. HSBC Holdings plc and its subsidiaries (the “HSBC Group”) and/or their officers, directors and employees may have long or short positions in any securities, including the underlying, mentioned in this document. HSBC Group companies may sell securities to or buy them on a principal basis and may earn brokerage fees in respect of any business transacted by them in any of the Structured Products mentioned herein. Investors are warned that the price of the Structured Products may fall in value as rapidly as it may rise and holders may sustain a total loss of their investment. This information does not disclose all relevant risks arising from and material terms in relation to the trading of Structured Product(s) mentioned herein. Suitability should be duly considered by investors before trading in such Structured Products. You should ensure you understand the nature of the Structured Products and carefully study the risk factors set out in the Base Listing Document and the relevant Supplemental Listing Document and, where necessary, seek professional advice before you invest in the Structured Products. The Base Listing Document and the Supplemental Listing Document may be obtained during usual business hours on any weekday (Saturdays, Sundays and holidays excepted) at the offices of the Issuer at Level 15, HSBC Main Building, 1 Queen’s Road Central, Hong Kong. Before purchasing the Structured Products you should ensure that you fully understand the potential risks and rewards and independently determine that they are appropriate for you given your objectives, experience, financial and operational resources and other relevant circumstances. HSBC Securities Brokers (Asia) Limited is the liquidity provider of the Structured Products issued by HSBC and may conduct market making activity in respect of the securities mentioned herein. Investors should note that HSBC acting through its appointed liquidity provider may be the only market participant in the Structured Products. Market information is obtained from sources believed to be reliable but which has not been independently verified; no guarantee, representation or warranty is made and no responsibility or liability as to its accuracy or completeness is accepted. Please note that any prices or levels contained in these pages are indicative only and may vary in accordance with changes in market conditions. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this market information. Expressions of opinion are those of HSBC only and are subject to change without notice. In respect of the Structured Products, HSBC or any of its affiliates may from time to time implement promotion programmes, including commission rebates or other form of incentives, with a selected number of intermediaries.. CBBC have a mandatory call feature and may therefore be subject to early termination, upon which (i) investors in category N CBBC will lose all of their investments in the CBBC; and (ii) the residual value of category R CBBC may be zero.

Please read the disclaimers in relation to the Hang Seng Index and the Hang Seng China Enterprises index in the relevant Supplemental Listing Documents.