A. General Terms and Conditions

1. Unless otherwise specified, the offers mentioned in these Terms and Conditions cannot be used in conjunction with other securities service offers of Hang Seng Bank Limited ("the Bank").
2. In case of any discrepancy between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.
3. The offers are not applicable to Commercial customers, Private Banking customers and any party who enjoys special privileges and offers.
4. No person other than the relevant securities customers and the Bank (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provision of these Terms and Conditions.
5. These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
6. These Terms and Conditions are subject to prevailing regulatory requirements (where applicable).
7. The Bank reserves the right to suspend, amend or terminate the offers below and to amend these Terms and Conditions at any time without prior notice. The decision of the Bank on all matters relating to the offers below shall be final and binding on all parties concerned.

B. Definitions

8. Securities trading channels of the Bank include online securities trading channels (including Hang Seng Invest Express mobile app (Invest Express), Hang Seng Personal e-Banking and Hang Seng Personal mobile app)* , Automated Securities Trading Hotlines, Manned Securities Trading Hotlines and designated branches. (*(a) SSE and SZSE listed ETFs trading cannot be conducted via Hang Seng Personal e-Banking. (b) US stocks trading can only be conducted via the US Securities Trading Service available at Invest Express. To activate the US Securities Trading Service, all of the account holders of the relevant securities accounts (i) must submit the W-8BEN Form or Substitute Form W-8BEN (via Invest Express) to the Bank and the form is successfully processed as valid by the Bank subsequently; and (ii) have to provide the relevant acknowledgement and confirmation as required in Invest Express, including acceptance of the “Agreement for United States ("US") Market Information Display Services”.)
9. “US stocks” refer to Common Stocks (excluding warrants), Exchange Traded Funds (ETFs) and American Depository Receipts (ADRs) traded on New York Stock Exchange (NYSE), Nasdaq Global Market (NASDAQ), NYSE Amex Equities Market (AMEX) and NYSE ARCA.
10. “HK stocks” refer to Hong Kong dollar-denominated stocks listed on The Stock Exchange of Hong Kong Limited.
11. “Stock Connect Securities” refer to A-shares/Exchange Traded Funds (ETFs) listed on the Shanghai Stock Exchange and/or Shenzhen Stock Exchange and eligible for Shanghai-Hong Kong Stock Connect Northbound Trading/Shenzhen-Hong Kong Stock Connect Northbound Trading.
12. “Eligible Securities Transactions” exclude locally traded overseas stocks, any listed securities settled by non-Hong Kong dollar (except Stock Connect Securities and US stocks), i-Shares, Exchange Fund Notes, Hong Kong International Airport retail bonds, Government of HKSAR retail bonds / iBonds, shares subscriptions of Hang Seng Monthly Investment Plans for Stocks and Initial Public Offering (IPO).

C. Specific Terms and Conditions

Applicable to new securities customers (Sub-Section I)

I. Terms and Conditions for the offer of Free US Stock Reward for New Securities Accounts (“Free US Stock Reward Offer”)

1. The promotion period of the offer mentioned in this section I is from 11 November 2024 to 30 June 2025, both dates inclusive ("Promotion Period").
2. Free US Stock Reward Offer is applicable to personal customers of the Bank who fulfill the criteria stated below (“New Securities Customers”) and with securities accounts under sole-name integrated accounts (excluding Share Margin Accounts) maintained with the Bank.
   1. Successfully open personal securities accounts under Integrated Accounts of the Bank during the Promotion Period ("New Securities Accounts"), and all of the account holders of the New Securities Accounts must not hold any securities account (personal/joint) with the Bank within a period of 6 months preceding the account opening date. If a New Securities Customer opens more than one New Securities Account during the Promotion Period, only New Securities Account with the earliest account opening date will be eligible for the offer. The Bank reserves the right of final discretion on which New Securities Account can enjoy the offers; and
   2. Successfully activate the US Securities Trading Service using the New Securities Accounts under the Bank’s Integrated Accounts on or before the last calendar day of the 3rd month subsequent to the New Securities Account opening month. To activate the US Securities Trading Service, all of the account holders of the relevant securities accounts:
      1. are non-US and non-Canada persons, not a resident of US nor Canada, and not a citizen of Korea with residential or correspondence address in Korea; and
      2. able to provide a valid identification document such as permanent Hong Kong Identity Card or passport; and
      3. submit W-8BEN Form or Substitute Form W-8BEN via Invest Express to the Bank and the form is successfully processed as valid by the Bank subsequently; and
      4. have to provide the relevant acknowledgement and confirmation as required in Invest Express, including acceptance of the “Agreement for United States ("US") Market Information Display Services”
3. New Securities Customers can enjoy 2 shares of Barrick Gold Corporation (NYSE: GOLD) (approximate value of USD40, calculated based on its market closing price per share on 28 October 2024) (“Free Shares”)
   if he / she completes the below item within 3 calendar months, that is till the last calendar day of the 3rd month after the New Securities Account is opened ("Trading Period") (“Eligible Customers”):
   • Execute one buy or sell transaction of US stocks, HK stocks or Stock Connect Securities (each as defined in clauses 9, 10 and 11 respectively under “B. Definitions” section above) using the New Securities Account via the Bank’s online trading channels (including Hang Seng Invest Express mobile app, Hang Seng Personal e-Banking and Hang Seng Personal Mobile App), Automated Securities Trading Hotlines and Manned Securities Trading Hotlines (please note that buy/sell transactions of US stocks can only be conducted via Invest Express) (“Eligible Securities Transactions”).
4. The offer can be enjoyed by New Securities Customers who are eligible for SimplyStock, and the monthly fee of HKD30 under SimplyStock will be waived during the Trading Period.
5. The offer is not appliable to customers who are employed by a Licensed Corporation or a Registered Institution to carry out any regulated activities as defined under the Securities and Futures Ordinance.
6. Each Eligible Customer can enjoy Free US Stock Reward Offer once only.
7. Regarding Eligible Customers who are entitled to the Free Shares, the Bank will place orders to buy the Free Shares in the secondary market (relevant US stock exchange(s)) in the names of such Eligible Customers and will deposit the Free Shares to their New Securities Accounts on or before the last day of the 4th month subsequent to the New Securities Account opening month. The deposited Free Shares will be shown as a “buy trade” in the Securities Account monthly statement of the relevant month.
8. The Eligible Customer has to maintain the relevant New Securities Account, relevant USD settlement account and valid W-8BEN record (including acceptance of the “Agreement for United States ("US") Market Information Display Services”) with the Bank when the Free Shares are deposited, otherwise such Free Shares will be forfeited.
9. The Eligible Customers do not have to pay for any securities transaction fee involved for this “buy trade” of the Free Shares, including brokerage fees, nominee services fee and any third party transaction charges such as SEC fee etc. (collectively “Securities Transaction Fees”). If Eligible Customers do not have other stock holdings except the Free Shares in the relevant New Securities Accounts, which with the Free Shares credited, during the period for 6 months since the deposit month, the custody fee for the same period will be waived.
10. This offer and the provision of the Free Shares to the Eligible Customers do not represent, and should not be construed as, any investment advice from the Bank and the Bank has not taken into consideration the individual circumstances of any customers. Investment involves risks. There can be no guarantee, and no representation is made, on the performance of the Free Shares or as to whether losses would be incurred/profit would be made from the Free Shares. Customers must make their investment decisions in light of their own investment objectives, investment experience, financial situation or other needs etc, and (where necessary) should consult their own professional advisers before making any investment decisions.
11. Please note that in respect of the Free Shares deposited into the New Securities Accounts of the relevant Eligible Customers, customers are still subject to the fees and charges applicable to New Securities Account, including custody fee (to be charged on a per account basis after expiry of the 6 months mentioned in point 9 above) in respect of their securities holding and the relevant Securities Transaction Fee, transfer fee and/or capital gain tax etc. when they sell, transfer or otherwise dispose of the Free Shares in the future. For the details of our Securities Account fees and charges, please refer to Hang Seng Bank website > Investments > Securities > Securities Services Charges.
12. Completion time of the criteria set out in point 3 above are subject to the Bank's record. The Bank will determine the eligibility of the customers to enjoy the Free Shares based on the record held by the Bank. In case of any disputes, the Bank’s record shall be final and conclusive. In case of any reason the Bank is unable to provide the Free Shares, the Bank reserves the right to substitute the Free Shares with other gifts/stocks in approximately same value at any time without prior notice. The value or nature of the substitute gift/stocks may differ from the Free Shares specified in these Terms and Conditions
13. In case of any reason the Bank is unable to provide the Free Shares as reward under this offer, the Bank reserves the right to substitute the Free Shares with other reward(s) at any time without prior notice. The value or nature of the substitute reward(s) may differ from the Free Shares specified in these Terms and Conditions.
14. This offer can be enjoyed together with the US Stock Lucky Draw Offer mentioned in sub-section II below.

Applicable to new and existing securities customers (Sub-Sections II and III)

II. Terms and Conditions for US Stock Lucky Draw Offer

1. The promotion period of the offer mentioned in this sub-section II is from 11 November 2024 to 31 January 2025, both dates inclusive ("Promotion Period").
2. US Stock Lucky Draw Offer is applicable to new and existing securities customers with sole-named securities account(s) (“Eligible Lucky Draw Customers”) under integrated accounts (excluding Share Margin Accounts) (“Eligible Securities Account(s)”) of the Bank.
3. An Eligible Lucky Draw Customer who executes one buy or sell transaction of US Stock (as defined in clause 9 under “B. Definitions” section above) via Invest Express during the Promotion Period will be entitled to one US Stock Lucky Draw chance.
4. Each Eligible Lucky Draw Customer can get a maximum of one US Stock Lucky Draw chance.
5. Eligible Lucky Draw Customers can automatically participate in this promotion (no registration is required).
6. US Stock Lucky Draw Offer can be enjoyed by Eligible Lucky Draw Customers who are eligible for SimplyStock, and the monthly fee of HKD30 under SimplyStock will be waived during the Promotion Period.
7. US Stock Lucky Draw Offer is not appliable to customers who are employed by a Licensed Corporation or a Registered Institution to carry out any regulated activities as defined under the Securities and Futures Ordinance.
8. The winners of US Stock Lucky Draw (each a “Winner”) will be drawn randomly by the Bank on or before 31 March 2025. The number of Winners is limited to 100. Each Winner can get 10 shares of NVIDIA Corporation (NASDAQ: NVDA) (approximate value of USD1,400, calculated based on its market closing price per share on 28 October 2024) (“Lucky Draw Reward”). The Bank will send notifications to the Winners via push notifications or SMS on or before 30 April 2025.
9. For each Winner, the Bank will place orders to buy the Lucky Draw Reward in the secondary market (relevant US stock exchange(s)) in the name of the Winner and will deposit the Lucky Draw Reward to the Winner’s Eligible Securities Account on or before 30 April 2025. The Lucky Draw Reward so deposited will be shown as a “buy trade” in the Securities Account monthly statement of the relevant month.
10. The Winner has to maintain the Eligible Securities Account, relevant USD settlement account and valid W-8BEN record (including acceptance of the “Agreement for United States ("US") Market Information Display Services”) with the Bank when the Lucky Draw Reward is deposited, otherwise such Lucky Draw Reward will be forfeited.
11. The Winners do not have to pay for any securities transaction fee involved for this “buy trade” of the Lucky Draw Reward, including brokerage fees, nominee services fee and any third party transaction charges such as SEC fee etc. (collectively “Securities Transaction Fees”). If Winner does not have other stock holdings except the Lucky Draw Reward in the relevant Eligible Securities Account, which with the Lucky Draw Reward credited, during the period for 6 months since the deposit month, the custody fee for the same period will be waived.
12. This offer and the provision of the Lucky Draw Reward to the Eligible Lucky Draw Customers do not represent, and should not be construed as, any investment advice from the Bank and the Bank has not taken into consideration the individual circumstances of any customers. Investment involves risks. There can be no guarantee, and no representation is made, on the performance of the Lucky Draw Reward or as to whether losses would be incurred/profit would be made from the Lucky Draw Reward. Customers must make their investment decisions in light of their own investment objectives, investment experience, financial situation or other needs etc, and (where necessary) should consult their own professional advisers before making any investment decisions.
13. Please note that in respect of the Lucky Draw Reward deposited into the Eligible Securities Accounts of the Winners, customers are still subject to the fees and charges applicable to Eligible Securities Account, including custody fee (to be charged on a per account basis after expiry of the 6 months mentioned in point 11 above) in respect of their securities holding and the relevant Securities Transaction Fee, transfer fee and/or capital gain tax etc. when they sell, transfer or otherwise dispose of the Lucky Draw Reward in the future. For the details of our Securities Account fees and charges, please refer to Hang Seng Bank website > Investments > Securities > Securities Services Charges.
14. Completion time of the criteria set out in point 3 above are subject to the Bank's record. The Bank will determine the eligibility of the customers to enjoy the Lucky Draw Reward based on the record held by the Bank. In case of any disputes, the Bank’s record shall be final and conclusive. In case of any reason the Bank is unable to provide the Lucky Draw Reward, the Bank reserves the right to substitute the Lucky Draw Reward with other gifts/stocks in approximately same value at any time without prior notice. The value or nature of the substitute gift/stocks may differ from the Lucky Draw Reward specified in these Terms and Conditions

III. Terms and Conditions for US Stocks Brokerage Fee Half Price Offer (“US Stocks Offer”)

1. The promotion period of US Stocks Offer is from 1 December 2023 to 30 June 2025, both dates inclusive ("Promotion Period of US Stocks Offer").
2. Securities customers of the Bank who have successfully executed buy/sell transactions of US Stocks (as defined in clause 9 under “B. Definitions” section above) via Hang Seng Invest Express Mobile App during the Promotion Period of US Stocks Offer (“Eligible US Stocks Transaction(s)”), can enjoy brokerage fee offer of USD0.0075 per share and minimum USD7.5 per transaction upfront (instead of in the form of rebate). The actual brokerage fee of each Eligible US Stocks Transaction will be rounded up to cent, count as 1 cent for less than 1 cent.
3. US Stocks Offer can be enjoyed by new and existing securities customers who are eligible for SimplyStock in respect of Eligible US Stocks Transaction(s) after the first HKD300,000 transaction amount in a calendar month which is covered by the SimplyStock monthly fee is exceeded.
4. US Stocks Offer can be enjoyed by new and existing securities customers who are eligible for SmarTrader Rewards in respect of Eligible US Stocks Transaction(s) of customers at all Trading Levels of SmarTrader Rewards. US Stocks Offer may be displayed as USD0.008 per share on the SmarTrader Rewards online channels pages due to the display limitation of digits after the decimal point, actual brokerage fee discount calculation will not be affected i.e. calculated based on USD0.0075 per share.
5. Brokerage fee excludes any custody fee, securities deposit charges, nominee services fee and any third party transaction charges such as transaction levy, stamp duty and trading fee, handling fee, securities management fee, transfer fee, capital gain tax and SEC Fee, etc.
6. This US Stocks Offer is a reduction of brokerage fee for securities transactions.
7. For existing securities customers, this offer can be enjoyed together with the US Stock Lucky Draw Offer mentioned in sub-section II above.