No offer or sale will be made in Hong Kong, by means of any document, of any Notes in respect of which the minimum principal amount to be subscribed o

Transcription

1 Date*: HLP Finance Limited (the Issuer ) Issue of HKD 200,000, per cent. Fixed Rate Notes due June 2024 Guaranteed by Hang Lung Properties Limited (the Guarantor ) Important Risk Warning: This is an investment product. The investment decision is yours but you should not invest in this product 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. The Notes are NOT equivalent to a time deposit. Issuer s/guarantor s risk - The Notes are subject to both the actual and perceived measures of credit worthiness of the Issuer and the Guarantor. There is no assurance of protection against a default by the Issuer and Guarantor in respect of the repayment obligations. In the worst case scenario, you might not be able to recover the principal and any coupon if the Issuer and Guarantor default on the Notes. Additional risks are disclosed in the section of Risk Factors below and in the relevant offering documentation of the Notes (which is available upon request). Please refer to it for details. WARNING The contents of this Term Sheet have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the offer. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. IMPORTANT If you are in doubt as to any aspect of this offer, you should consult a licensed securities dealer, bank manager, solicitor, certified public accountant or other professional adviser. Unless otherwise specified in this Term Sheet, any capitalised terms used but not defined in this Term Sheet shall have their meanings as set out in the offering documentation of the Notes (which is available upon request). 1

2 No offer or sale will be made in Hong Kong, by means of any document, of any Notes in respect of which the minimum principal amount to be subscribed or purchased is less than HK$500,000 or its equivalent in another currency. Further, no person shall issue or have in its possession for the purposes of issue, whether in Hong Kong or elsewhere, any advertisement, invitation or document relating to the Notes, which is directed at, or the contents of which are likely to be accessed or read by, the public of Hong Kong (except if permitted to do so under the securities laws of Hong Kong). * If you receive this Term Sheet via , the date of the Term Sheet is the date as stated on the to which it is attached. If you receive this Term Sheet via fax, the date of the Term Sheet is the date as stated on the document header or on the cover letter which accompanies the Term Sheet. If you are viewing this Term Sheet over the internet, the date of the Term Sheet is the date as stated on the webpage to which it is shown. 2

3 Term Sheet Issuer Guarantor Type Rating (A rating is not a recommendation to buy, sell or hold notes and may be subject to suspension, change or withdrawal at any time by the assigning rating agency. Please contact HSBC staff if you wish to obtain (if any) updated ratings information prior to making your investment.) Issue Date Maturity Date^ Coupon Coupon frequency Redemption for Tax Reasons Optional Redemption Structure Status of the Notes and Guarantee Offering Documentation HLP Finance Limited Hang Lung Properties Limited Series No: N/A Tranche No: N/A Fixed Rate Senior Unsecured Notes Issuer s rating: N/A Guarantor s rating: N/A ISIN: XS The Notes rating: N/A (Moody s) / N/A (S&P), as at 11 July 2014 (Source: Bloomberg) 20/06/2014 (DD/MM/YYYY) 20/06/2024 (DD/MM/YYYY) 4.38 per cent. per annum Semi-Annual Except as described in Optional Redemption, early redemption will only be permitted for tax reasons as described in Condition 10 (Redemption and Purchase Redemption for tax reasons). Notes may be redeemed before their stated maturity at the option of the Issuer (either in whole or in part) Plain Vanilla Status of the Notes The Notes will constitute direct, unconditional, unsubordinated and (subject to Condition 5) unsecured obligations of the Issuer, as described in Terms and Conditions of the Notes Status and Guarantee of the Offering Circular. Status of the Guarantee The payment obligations of the Guarantor under the Guarantee are direct, general, unconditional, unsubordinated and (subject to Condition 5) unsecured obligations of the Guarantor as described in Terms and Conditions of the Notes Status and Guarantee of the Offering Circular. The Offering Circular dated 2 May 2014 (the Offering Circular ) 3

4 Currency & Amount of the Hong Kong dollars ( HKD ) 200,000,000 issue Interest Commencement Date 20/06/2014 (DD/MM/YYYY) HKD 1,500,000 and integral multiples of HKD 500,000 in Denomination excess thereof Minimum Investment Per investor: HKD 1,500,000 Amount Redemption at maturity At par (100%) 20 June and 20 December in each year commencing on 20 Interest Payment Date(s) ^ December 2014 up to and including the Maturity Date Business Day Convention If any interest payment date falls on a day that is not a (applicable to Interest business day, the interest payment will be postponed to the Payment Date and Maturity first following day that is a Business Day unless that day Date) falls in the next calendar month in which case that date will be the first preceding day that is a Business Day. Day Count Fraction ACT/365 Business Days Hong Kong Listing and Pricing No Listing (Please contact HSBC staff for (if any) updated pricing information prior to making your investment.) Use of Proceeds The Issuer will use the net proceeds from the issue of the Notes to on-lend to the Guarantor and/or the Guarantor s subsidiaries for general corporate purposes. Lodging, Calculation & The Hongkong and Shanghai Banking Corporation Limited Paying Agent: Trustee N/A Clearing Euroclear/Clearstream Law English Law Description of the Issuer (from page 85 of the Offering Circular) The Issuer was incorporated on 8 March 2011 in the British Virgin Islands and is subject to the provisions of the BVI Business Companies Act, 2004 which provides for, inter alia, the constitution of companies, directors liabilities and powers, creditors rights and liquidations. The Issuer is constituted by its Memorandum of Association and Articles of Association and has the capacity and the rights, power and privileges of a natural person which include the capacity, right and power to enter into financial transactions. The Issuer is a special purpose financing vehicle and a wholly-owned subsidiary of the Guarantor. Its sole purpose and activity is the issuing of debt securities, the proceeds of which are on-lent to the Guarantor and/or the Guarantor s subsidiaries for the purpose of financing the Guarantor s and/or the Guarantor s subsidiaries general corporate funding requirements. Other than the making of arrangements with respect to the issue of Notes, the on- 4

5 lending of the proceeds thereof to the Guarantor and/or the Guarantor s subsidiaries and the establishment and update of this Programme, the Issuer has not undertaken any business activities since the date of its incorporation. The Issuer does not sell any products or provide any services. The registered office of the Issuer is at Craigmuir Chambers, Road Town, Tortola, British Virgin Islands. The Issuer is authorised to issue 50,000 shares with a par value of US$1.00 each. Its issued share capital is US$1.00, consisting of one share, which is fully paid up. As at the date of the Offering Circular, the Issuer did not have any bank overdraft, short term and long term loans, outstanding debt securities or any hire purchase commitments, guarantees or contingent liabilities, save for an aggregate principal amount of HK$11,972 million (or the equivalent thereof in other currencies) of Notes which are outstanding under this Programme. Certain information with regards to the capital, shares, reorganization of capital (if any), net profit/loss, dividends (if any), and directors of the Issuer (including whether any Notes are held by them or on their behalf and if so, details thereof), which is required to be provided under the Securities and Futures Ordinance ( SFO ) Schedule 7 Part 2, Sections 3 (b), (c), (d), (e), (g) and (h), are not included in this document because such information is not available publicly. Certain information with regards to liabilities (which is outstanding not more than 28 days before the offer date and includes debentures, mortgage debts, loans and/or charges due, if any, and the rate of interest payable in respect thereof) of the Issuer which is required to be provided under the SFO Schedule 7 Part 2, Section 3(f) are not included in this document because such information is not available publicly. There is no restriction in the constitution of the Issuer on the right to transfer the Notes that has the effect of requiring the holder of the Notes, before transferring them, to offer them for purchase to any member of the Issuer or to any other person. The information with regards to whether securities are fully or partly paid up (as required to be provided under the SFO Schedule 7 Part 2, Section 3(i)) is not included herein as it is not applicable to the Notes in question. 5

6 Description of the Guarantor (from page 88 of the Offering Circular) Contact Information of the Issuer Contact Information of the Guarantor Additional documentation required from the customer Fees & Charges The Guarantor (stock code: 00101) is a leading real estate developer based in Hong Kong with an extensive property portfolio in Hong Kong, in addition to which it has been building, owning and managing world-class commercial complexes in mainland China since the 1990s. The Guarantor has 10 major property developments located at prime locations in eight major cities across mainland China and has become one of the leading developers of world-class commercial complexes across mainland China. It is a constituent stock of Hong Kong s Hang Seng Index and the Hang Seng Corporate Sustainability Indices. The Guarantor is one of the world s largest pure real estate listed companies by market value. As at 31 December 2013, the Guarantor was approximately 52.52% owned by, and was subsidiary of, Hang Lung Group Limited (stock code: 00010). Registered Office Address: Craigmuir Chambers Road Town, Tortola British Virgin Islands Registered Office Address: 28/F, Standard Chartered Bank Building 4 Des Voeux Road Central Hong Kong N/A Safe Custody Waived Interest Collection Waived Redemption at Maturity Waived Stamp Duty No Hong Kong stamp duty is payable on the purchase of the Notes ^ Actual payment dates are subject to the payment received from the relevant custodian which maybe beyond the stated date due to time zone difference and different lead time required by individual paying agent. 6

7 Risk Factors There are investment risks involved in buying the Notes (including the risks set out in the Risk Factors below and the risks disclosed in the relevant offering documentation of the Notes, which is available upon request). Before applying for any of the Notes, you should consider the risks involved in investing in the Notes and consider whether the Notes are suitable for you in light of your own financial circumstances and investment objectives. If you are in any doubt, you should get independent professional advice. Risk factors relating to the Notes in general The Notes are mainly for medium to long term investment, not for short term speculation. You should be prepared to invest your funds in the Notes for the full investment tenor; you could lose part or all of your investment if you choose to sell the Notes prior to maturity. The Notes are not equivalent to, nor should they be treated as a substitute for, time deposit. They are NOT protected deposits and are NOT protected by the Deposit Protection Scheme in Hong Kong. Receipt of any interest and principal amount at maturity of the Notes is subject to the credit risk and default risk of the Issuer and the Guarantor. In case of default, the holder of the Notes may not be able to receive back the principal amount invested or any interest payable on the Notes. The holder of the Notes bears the credit risk and the default risk of the Issuer and the Guarantor and has no recourse to HSBC unless HSBC is the Issuer or the Guarantor itself. One or more independent credit rating agencies may assign credit ratings to an issue of the Notes, the Issuer and the Guarantor. Credit ratings may not reflect all of the risks related to the Notes, the Issuer, the Guarantor and other factors that may affect the value of the Notes. Credit ratings do not guarantee the creditworthiness of the Issuer and the Guarantor. A credit rating by the rating agency is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time. A suspension, reduction or withdrawal at any time of any rating assigned to the Notes may adversely affect the market price of the Notes. The Notes have not been assigned with rating by any credit rating agencies, and the Issuer has no plan to obtain ratings on the Notes from any credit rating agencies. If, in the future, credit ratings are assigned to the Notes, such credit ratings may not reflect all of the risks related to the Notes and other factors that may affect the value of the Notes. Credit ratings do not guarantee the creditworthiness of the Issuer or the Guarantors. The market price of the Notes may fluctuate with market changes. Factors affecting the market price of the Notes include, but are not limited to, fluctuations in interest rates, credit spreads, and liquidity premiums. In particular, investment in the Notes is susceptible to fluctuations in interest rates which may adversely affect the value of the Notes. The price of the Notes may generally fall when the interest rates rise. The fluctuation in yield generally has a greater effect on prices of longer tenor notes. There is an inherent risk that losses may be incurred rather than profit made as a result of buying and selling the Notes. 7

8 The Issuer may have the right (but not the obligation) to early redeem the Notes prior to maturity date upon occurrence of certain events (please refer to the offering documentation of the Notes for details). If the Issuer exercises its right to redeem the Notes before they mature, you may suffer a substantial loss under the Notes and you may not be able to enjoy the same rates of return when you re-invest the amount received under such early redemption in other investments with similar risk parameters. If you wish to sell the Notes, HSBC may but is not obliged to repurchase them based on the prevailing market price under normal market circumstances, but the selling price may differ from the original buying price due to changes in market conditions. There may be exchange rate risks if you choose to convert payments made on the Notes to your home currency. Notes may have no established trading market when issued, and one may never develop. Even if a secondary market does develop, the secondary market for the Notes may not provide significant liquidity or may trade at prices based on the prevailing market conditions and may not be in line with your expectations. Therefore, you may not be able to sell the Notes easily before maturity or at prices that will provide you with a yield comparable to similar investments that have a developed secondary market. Please refer to the offering documentation of the Notes for other risk factors relating to the Issuer, the Guarantor and the Notes. Notes with callable features - The Notes are embedded with selling option(s) to the Issuer, which give the Issuer a right (but not the obligation) to call and early redeem the Notes prior to maturity date (please refer to the offering documentation of the Notes for details). If the Issuer exercises its right to redeem the Notes before they mature, you may suffer a substantial loss under the Notes and you may not be able to enjoy the same rates of return when you re-invest the amount received under such early redemption in other investments with similar risk parameters. Notes subject to redemption for tax reasons - The Issuer may not have enough available funds at the time of the occurrence of any redemption for tax reasons to make purchases of outstanding Notes, and the Issuer's failure to repurchase will constitute an event of default under the Notes and may constitute an event of default under other indebtedness of the Issuer. For further details, please refer to Condition 6(c) of the offering documentation of the Notes. 8

9 Investor s Commitment and Acknowledgements When you place your order for the Notes, you are deemed to make a series of confirmations and acknowledgements, including that you: (i) (ii) (iii) (iv) (v) have read and understood this Term Sheet, including the risks of investing in the Notes as explained in the section Risk Factors before making any investment decision; understand that you should refer to the relevant offering documentation of the Notes, which is available upon request, for further details on the terms of the Notes and risks involved before making any investment decision; confirm that you are prepared to invest your funds in the Notes for the full investment tenor; you could also lose part or all of your investment if you choose to sell your Notes prior to maturity; understand that this document is not intended to provide and should not be relied upon for tax, legal or accounting advice, investment recommendations or credit worthiness or other evaluation of the Issuer and the Guarantor; prospective investors should consult their tax, legal, accounting and/or other advisors; and understand that you should avoid excessive investment in a single type investment, with regard to its total proportion of your overall portfolio, in order to guard against overexposure to any single investment. How to find out the current market value of your investment after purchase? The current market value of your investment will be available upon request. Please contact our staff at any HSBC branch in Hong Kong. Note: If you have any feedback or complaint about any aspect of the service you have received, please contact our Hong Kong branches, call (852) for HSBC Premier customers, (852) for HSBC Advance customers or (852) for Other Personal Banking customers, or write to the Customer Relations Department at P.O. Box No Kowloon Central Post Office, or send an to feedback@hsbc.com.hk. 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 Enforcement Department of Hong Kong Monetary Authority at 55th Floor Two International Finance Centre, 8 Finance Street, Central, Hong Kong. For monetary dispute, you have the right to refer the matter to the Financial Dispute Resolution Centre at 15/F, Stanhope House, 734 King s Road, Quarry Bay, Hong Kong. References to websites References to the websites stated in this document where further information may be obtained are intended as guides for you to access further public information on the securities. Information appearing on such websites is not part of the offering documents. HSBC accept no responsibility whatsoever that such other information, if available, is accurate and/or up-to-date, and no responsibility is accepted in relation to any such information by us and our respective affiliates. 9

10 Disclaimer The Hongkong and Shanghai Banking Corporation Limited ( HSBC ) has issued this document. The information contained in this termsheet is derived from sources HSBC believes to be reliable, but which HSBC has not independently verified. HSBC makes no representation or warranty (express or implied) of any nature nor is any responsibility of any kind accepted with respect to the completeness or accuracy of any information, projection, representation or warranty (expressed or implied) in, or omission from, this document. Any opinions expressed therein are given in good faith, but are subject to change without notice. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. Please note that the above rates or prices are for indicative purposes only and may vary in accordance with changes in market condition. Distribution of this document may be restricted by law in certain jurisdictions and the information contained herein is to the recipients and may not be reproduced or otherwise disseminated. HSBC and its affiliates and/or officers, directors and employees may have positions in any instruments or currencies mentioned in this document and may from time to time add to or dispose of such instruments or currencies. User of the information is advised to make independent judgment with respect to any matter contained herein. Issued by The Hongkong and Shanghai Banking Corporation Limited ( HSBC ) registered at 1 Queen s Road Central, Hong Kong The Hongkong and Shanghai Banking Corporation Limited is the distributor which is a wholly owned subsidiary of HSBC Holdings plc, the holding company of the HSBC Group. The Hongkong and Shanghai Banking Corporation Limited Authorised and Regulated by Hong Kong Monetary Authority A registered institution under the Securities and Futures Ordinance, with Central Entity Identity Number AAA523 Registered Office: 1 Queen s Road Central, Hong Kong Tel: , Member HSBC Group 10

11 HLP Finance Limited ( 發行人 ) 發行 200,000,000 港元 4.38% 定息票據 2024 年 6 月到期由恒隆地產有限公司 ( 擔保人 ) 提供擔保 重要風險通知 : 此乃投資產品 投資決定是由閣下自行作出的, 但閣下不應投資在該產品, 除非中介人於銷售該產品時已向閣下解釋經考慮閣下的財務情況 投資經驗及目標後, 該產品是適合閣下的 本票據並不相等於定期存款 發行人 / 擔保人風險 本票據表現受發行人及擔保人的實際和預計借貸能力所影響 就償債責任而言, 本票據不保證發行人及擔保人不會拖欠債務 在最壞情況下, 如果發行人及擔保人不履行契約, 本票據持有人可能無法取回本票據的利息和本金 以下 風險因素 部份及本票據相關發售文件 ( 可向滙豐索取 ) 將列出其他風險因素, 詳情請參閱有關部份 警告 本條款表的內容未經在香港的規管當局審核 閣下應就有關要約謹慎行事 如閣下對本文件的任何內容有任何疑問, 閣下應尋求獨立專業意見 重要提示 如閣下對此要約的任何方面有疑問, 應諮詢持牌證券交易商 銀行經理 律師 會計師或其他專業顧問 除本條款表另有說明外, 本條款表的英文版本所使用但並未作出定義的任何大寫術語應具有本票據發售文件 ( 可向滙豐索取 ) 所載的涵義 認購或購買之最低本金金額低於 500,000 港元或等值之其他貨幣的票據, 不可以任何文件形式在香港發售或銷售 此外, 除香港證券法批准者外, 任何人士均不得於香港或任何其它地區發行或出於發行之目的保留直接向香港公眾發行或內容可能將被香港公眾獲取或了解之任何票據相關廣告 邀請或文件 * 如閣下透過電郵收取本條款表, 則條款表的日期為條款表的郵件所載日期 如閣下透過傳真收到本條款表, 條款表日期即文件頁首或條款表附函所示的日期 如閣下透過互聯網閱讀本條款表, 則條款表的日期為網頁所示日期 11

12 條款表 發行人 擔保人 HLP Finance Limited 恒隆地產有限公司 序列號 : 不適用 票據號 : 不適用 ISIN: XS 類別 定息高級無抵押票據 評級 發行人評級 : 不適用 ( 評級並不代表建議購買 出售或持有票據, 且可由授 擔保人評級 : 不適用 予評級之機構隨時終止 更 改或撤銷 倘若閣下希望在作出投資前獲得更新的 ( 如 票據評級 : 不適用 ( 穆迪 )/ 不適用 ( 標準普爾 ), 截至 2014 年 7 月 11 日 有的話 ) 評級資料, 請聯絡 滙豐的職員 ) ( 資料來源 : 彭博資訊 ) 發行日期 20/06/2014( 日 / 月 / 年 ) 到期日期 ^ 20/06/2024( 日 / 月 / 年 ) 票息 每年 4.38% 票息頻率 : 每半年 基於稅務理由贖回 選擇性贖回 除 選擇性贖回 所述者外, 僅可基於條件 10( 贖回及購買 - 基於稅務理由贖回 ) 所述的稅務理由進行提早贖回 發行人可選擇於票據所示到期日前贖回票據 ( 全部或部分 ) 結構普通債券票據及擔保的地位票據的地位如發售通函 票據條款及條件 - 地位及擔保 所述, 本票據將構成發行人的直接 無條件 非後償及 ( 受限於條件 5) 無抵押債務 擔保的地位如發售通函 票據條款及條件 - 地位及擔保 所述, 擔保人於擔保項下的付款責任為擔保人的直接 一般 無條件 非後償及 ( 受限於條件 5) 無抵押債務 發售文件日期為 2014 年 5 月 2 日的發售通函 ( 發售通函 ) 貨幣及發行金額 200,000,000 港元計息開始日期 20/06/2014 ( 日 / 月 / 年 ) 面額 1,500,000 港元及超過部份按 500,000 港元的整數倍計算最小投資額每名投資者 : 1,500,000 港元到期贖回按面值 (100%) 2014 年 12 月 20 日開始至到期日 ( 包括當日 ) 每年的 6 月利息支付日期 ^: 20 日及 12 月 20 日營業日慣例若任何利息支付日期當日並非營業日, 則利息支付將會 ( 適用於利息支付日期及到順延至利息支付日期後的首個營業日, 但若該營業日是期日期 ) 在下個月, 則利息支付將提前至利息支付日期前的最後一個營業日 12

13 計息日期慣例 : 實際天數 /365 營業日 : 香港 上市及定價 無 ( 倘若閣下希望在作出投資 前獲得更新的 ( 如有的話 ) 定價資料, 請聯絡滙豐的 職員 ) 所得款項用途 發行人擬將發行本票據的所得款項淨額用於轉借予擔保 人及 / 或擔保人的附屬公司作一般公司用途 登記 計算及支付代理 : 香港上海匯豐銀行有限公司 信託人 不適用 結算 Euroclear/Clearstream 法律 英國法律 發行人簡介 ( 摘自發售通函第 85 頁 ) 發行人於 2011 年 3 月 8 日根據英屬維爾京群島商業公司法 (2004 年 ) 的規定 ( 規定 ( 其中包括 ) 了 ( 其中包括 ) 公司章程 董事責任及權力 債權人的權力及清盤 )) 於英屬維爾京群島註冊成立 發行人根據其組織章程大綱及組織章程細則組建而成且擁有自然人的資格 權利 權力及特權 ( 包括進行金融業務的資格 權利及權力 ) 發行人的特別目的為融資, 且為擔保人的全資附屬公司 其的唯一目的及活動為發行債務證券, 其所得款項將轉借予擔保人及 / 或擔保人附屬公司, 以為擔保人及 / 或擔保人附屬公司的一般公司融資需求提供資金 自其註冊成立日期至今, 除就發行本票據作出安排 將票據的所得款項轉借予擔保人及 / 或擔保人附屬公司以及制定及更新本計劃外, 發行人並無從事任何業務活動 發行人並無銷售任何產品或提供任何服務 發行人的註冊辦事處位於 Craigmuir Chambers, Road Town, Tortola, British Virgin Islands 發行人授權發行 50,000 股每股面值為 1.00 美元的股份 其已發行股本為 1.00 美元, 包括 1 股已繳足股本的股份 截至發售通函日期, 除了根據本計劃擁有本金總額為 億港元 ( 或相當於此金額的其他貨幣 ) 的票據未償還之外, 發行人並無任何銀行透支 短期及長期貸款 未償還債務證券或任何分期付款承諾 擔保或或然負債 證券及期貨條例 ( SFO ) 附件 7 第 2 部分第 3 (b) (c) (d) (e) (g) 及 (h) 節規定需提供的有關發行人的資本 股份 資本重組 ( 如有 ) 淨利潤 / 虧損 股息 ( 如有 ) 以及董事 ( 包括他們是否 ( 或是否代表其 ) 持有任何本票據, 董事如持有本票據, 提供相關的持 13

14 有詳情 ) 的若干資料並無載入本文件, 原因是該等資料並不向公眾公開 SFO 附件 7 第 2 部分第 3(f) 節規定需提供的有關發行人的負債 ( 未償還天數不超過發售日期前 28 天, 包括到期的債券 抵押貸款 貸款及 / 或費用 ( 如有 ) 以及就該等債務應付的利息 ) 的若干資料並無載入本文件, 原因是該等資料並不向公眾公開 發行人的章程並對轉讓本票據的權利進行限制, 即要求本票據持有人於轉讓本票據之前要約發行人的任何成員或任何其他人士購買本票據 擔保人簡介 ( 摘自發售通函第 88 頁 ) 關於證券是否全部或部分繳足的資料 (SFO 附件 7 第 2 部分第 3(i) 節規定需提供 ) 並無載入本文件, 原因是其並不適用於本票據 擔保人 ( 股份代號 :00101) 為香港領先的房地產開發商, 在香港擁有豐富的物業組合, 並自 1990 年代起, 於中國內地建造 持有及管理世界級商業綜合項目 擔保人於中國內地的八個主要城市中擁有位於繁華地段的 10 個大型物業發展項目, 並已成為中國內地世界級商業綜合項目的領先開發商 擔保人為恒生指數及恒生可持續發展企業指數成份股 以市值計算, 擔保人是全球最大的純地產企業之一 於 2013 年 12 月 31 日, 擔保人為由恒隆集團有限公司 ( 股份代號 :00010) 持有 52.52% 股權的附屬公司 發行人聯絡資料註冊辦事處地址 : C r a i g m u i r Chambers Road Town, Tortola British Virgin Islands 擔保人聯絡資料註冊辦事處地址 : 香港中環德輔道中四號渣打銀行大廈二十八樓客戶須提供的其他文件不適用 服務收費 託管服務豁免 代收利息豁免 到期贖回 14

15 豁免 印花稅購買本票據無須支付香港印花稅 ^ 有關款項的實際支付日期視乎收到相關託管人的付款日期 基於時差原因或個別支付代理不同的處理時間, 有關款項的實際支付日期可能遲於日期所述 15

16 風險因素 購買本票據涉及投資風險 ( 包括以下 風險因素 所載風險及可向滙豐索取的本票據相關發售文件披露的風險 ) 在投資於本票據之前, 投資者應考慮投資本票據所涉及的風險, 並就本身的財政狀況及投資目標, 考慮是否適合投資於本票據 如有任何疑問, 應諮詢獨立專業顧問的意見 本票據涉及的一般風險因素 本票據主要提供中長期的投資, 並不是短線投機的工具 閣下應準備於整段投資期內將資金投資於本票據上 ; 若閣下選擇在到期日之前提早出售本票據, 可能會損失部份或全部的投資本金額 本票據並不相等於定期存款, 亦不應被視為其替代品 本票據並非受保障存款, 且不受香港存款保障計劃之保障 於本票據到期日收回利息和本金需受發行人及擔保人的信貸及違約風險影響 如果發生違約, 票據持有人可能無法取回本票據的利息和本金 票據持有人須承擔發行人及擔保人的信貸及違約風險, 且不能向滙豐追討任何賠償, 除非滙豐本身為該票據之發行人或擔保人 一家或多家獨立評級機構可能會向發行的票據 發行人及擔保人授予信用評級 信用評級可能不會反映票據 發行人及擔保人的所有相關風險以及可能影響票據價值的其他因素 信用評級並不能對發行人及擔保人的信用水平提供保證 評級機構的信用評級並非買入 出售或持有票據的建議, 可能隨時修訂 暫停或撤回 倘若評級機構於任何時間暫停 下調或撤回對本票據的評級, 則可能會對本票據的市價造成不利影響 本票據並未獲任何用評級機構授予信用評級, 且發行人並無計劃向任何評級機構獲取本票據的信用評級 倘日後本票據獲授予信用評級, 有關信用評級可能不會反映票據所有相關風險以及可能影響票據價值的其他因素 信用評級並不能對發行人或擔保人的信用水平提供保證 本票據的市價可能會隨著市場變化而波動 影響本票據市價的因素包括, 但不限於, 利率 信貸息差及流通性溢價的波動 特別是, 投資本票據易受市場利率波動影響, 或將對本票據價值產生不利影響 本票據價值或會因利率上升而下跌 而孳息率的上落對越長年期的票據價格影響一般較大 買賣票據帶有風險, 投資者未必能夠賺取利潤, 可能會招致損失 於發生若干事件的情況下, 發行人可能有權 ( 但無責任 ) 在到期日前提早贖回票據 ( 詳情請參閱票據發售文件 ) 倘發行人在到期日前行使其權利贖回票據, 則閣下或可能因本票據承受重大損失, 當閣下將該次因提早贖回獲得的金額再投資於其他風險相近的投資項目時, 亦未必能夠獲得相同的回報率 如閣下打算出售經滙豐代閣下購入的票據, 滙豐可但並無責任在正常市場下, 按市價進行有關交易 但基於市況變動, 賣出價與最初的買入價可能不同 16

17 倘若閣下選擇將票據所支付的付款兌換為本國貨幣, 可能須承受匯率波動的風險 票據發行時可能並無一個已建立的交易市場, 亦可能永遠不會建立 即使二手市場已建立, 交易本票據的二手市場或不能提供龐大的流通量或按現行市價買賣, 且可能與閣下之預期不符 因此, 閣下或許不能於到期日前輕易出售本票據, 或按可為閣下提供可類比有已建立二手市場的投資工具所獲收益的價格出售 請參閱本票據的發售文件, 了解有關發行人 擔保人及本票據的其他風險因素 本票據具有可贖回特點 - 本票據包含發行人的贖回權, 令發行人有權 ( 但無責任 ) 在到期日之前提早贖回本票據 ( 詳情請參閱本票據的發售文件 ) 倘若發行人在到期之前行使其權利贖回本票據, 閣下可能在本票據遭受較大損失, 在將提早贖回所收取的金額重新投資於具有類似風險參數的其他投資時, 未必能夠獲得相同回報率 基於稅務理由贖回本票據 - 發行人可能無法在發生稅務理由贖回之時取得足夠的資金回購發行在外的票據, 且發行人未能回購將構成本票據項下的違約事件, 並可能構成發行人其他債務項下的違約事件 進一步詳情請參閱本票據發售文件的條件 6(c) 17

18 投資者責任及聲明 投資者向分銷商購買本票據時, 投資者將被視為作出一系列承諾及聲明, 包括 : (i) (i) (i) (i) (i) 於作出任何投資決定前, 已閱讀及理解本條款表, 包括 風險因素 部分所說明的有關投資本票據的風險 ; 明白於作出任何投資決定前, 應參閱可向滙豐索取的本票據相關發售文件, 以便獲得有關本票據條款及所涉及風險的進一步詳情 ; 確認準備於整段投資期內將資金投資於本票據上 ; 若投資者選擇在到期日之前提早出售本票據, 可能會損失部份或全部的投資本金 ; 明白本文不擬提供稅務 法律或會計意見 投資建議或對發行人及擔保人的誠信或其他方面進行評估, 投資者亦不應依賴本文作上述用途 準投資者應諮詢其稅務 法律 會計及 / 或其他顧問 ; 及 明白就於閣下整體投資組合所佔比例而言, 閣下應避免過度集中於一個投資類型, 以防止集中於某個投資類型而增加投資風險 在投資票據後, 怎樣查詢票據的市值? 閣下可聯絡滙豐在香港的各分行查詢票據的市值 注意:如閣下對我們的服務有任何意見或投訴, 請聯絡我們在香港的任何分行 致電 (852) ( 滙豐卓越理財客戶 ),(852) ( 運籌理財客戶 ) 或 (852) ( 其他個人理財客戶 ) 致函我們的客戶關係部 ( 九龍中央郵政局郵政信箱 號 ) 或電郵至 feedback@hsbc.com.hk 我們在一般情況下會於合理的時間 ( 通常 30 日 ) 內回覆客戶的投訴 若閣下對投訴結果仍有不滿, 閣下有權將個案轉交香港金融管理局的法規部處理, 地址為香港中環金融街 8 號國際金融中心 2 期 55 樓 有關金錢糾紛, 閣下有權將個案轉交金融糾紛調解中心 ( 香港鰂魚涌英皇道 734 號樂基中心 15 樓 ) 處理 關於網站的提述 本文件有提述若干網站, 其中或可提供進一步資料, 以指引閣下取得有關證券的更多公眾資料 該等網站所載的資料並非發售文件的一部份 滙豐對該等其他資料 ( 如有 ) 是否準確及 或最新概不承擔任何責任, 且本集團及本集團相關聯屬公司對任何該等資料概不承擔責任 18

19 免責聲明香港上海滙豐銀行有限公司 ( 滙豐 ) 刊發本文件 本條款表所載資料取自滙豐相信為可靠之來源, 惟滙豐並未對其進行獨立核實 滙豐概無作出任何性質的聲明及保證 ( 明示或暗示 ), 亦不對本文件所載任何資料 預測 聲明及保證 ( 明示或暗示 ) 之完整性或準確性或任何遺漏承擔任何責任 本文件內發表之意見乃真誠地發表, 惟可未經通知而改變 滙豐概不就使用本文件所導致之任何直接或間接或相應而生之損失接納任何責任 謹請注意, 上述利率或價格乃僅供參考, 並可能根據市況而變動 若干司法管轄區之法律可能限制派發本文件, 而本交件中所載之資料乃僅供收件人閱覽, 不得複製或以其他形式傳佈 滙豐及其聯屬公司及 / 或高級職員 董事及僱員可能就本文件所述之任何金融工具或貨幣持倉, 並可不時增加或出售有關金融工具或貨幣 使用資料之人士務請就其中所載之任何事宜作出獨立判斷 由香港上海滙豐銀行有限公司 ( 滙豐, 註冊地址為香港皇后大道中 1 號 ) 刊發 香港上海滙豐銀行有限公司是分銷商, 為滙豐集團旗下控股公司 滙豐控股有限公司的全資附屬公司 香港上海滙豐銀行有限公司經由香港金融管理局授權及監管根據 << 證券及期貨條例 >> 註冊為註冊機構, 中央註冊編號為 AAA523 註冊辦事處 : 香港皇后大道中 1 號電話 : , 滙豐集團成員 19