Joined in 2023 
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63 About this deal
Solactive AG has the authority to determine whether certain events affecting AiMAX have occurred including, but not limited to, events affecting the reference rate or the ETF constituents of the Portfolio. If you are looking for value rather than style, then the Rolec is temptingly priced. The EVIOS offers a degree of futureproofing if you have solar or intend to install it, and the option to allocate costs to users. No assurance can be given that AiMAX will maintain a realized volatility that approximates the Target Volatility, and the actual realized volatility of AiMAX may be greater or less than the Target Volatility. AiMAX seeks to maintain a realized volatility approximately equal to the Target Volatility of 5% by rebalancing its exposures to the Portfolio on each day based on two measures of realized volatility. However, there is no guarantee that trends exhibited by any such measures will continue in the future. References to the 'HSBC Group' means HSBC Holdings plc, its subsidiaries and associated companies from time to time.
A discontinuance of LIBOR or a change in its method of calculation could have a material adverse effect on the level of AiMAX. It is currently anticipated that the USD 3-month LIBOR rate will cease publication after June 30, 2023. If Solactive AG determines that USD 3-month LIBOR is no longer representative or has been discontinued, it will substitute for USD 3-month LIBOR an industry-accepted substitute or successor rate, including any adjustment to or related spread on such substitute or successor rate. The features you need will determine which kind of home EV charger is best for you, but we were after the best combination of value, quality, style and usability. Because AiMAX is linked to the performance of ETFs representing a diverse range of asset classes and geographic regions, price movements between the ETFs may not correlate with each other. At a time when the value of an ETF representing a particular asset class or geographic region increases, the value of other ETFs may not increase as much or may decline. Declines in the value of ETFs that have a higher percentage weighting in AiMAX at any time will result in a greater loss in the level of AiMAX. The volatility-targeting feature may cause AiMAX to perform poorly during certain market conditions.
Risks Associated with the AI Powered Multi Asset Index ("AiMAX")
Our Driver Power car customer satisfaction survey is a great complement to our expert electric car home charger product test above and may help you understand what can be a confusing marketplace. Your personal data may be disclosed or transferred worldwide to agents or third parties authorised to act on our behalf or other members of the HSBC Group or to third parties including our subcontractors, for the purposes of: providing services to the company/organisation that you represent and/or for servicing and/or developing our relationship with that company/organisation or you, verifying your identity, preventing and detecting crime and complying with appropriate governmental and non-governmental regulators or ombudsman. The strategy of the AI models and return forecasting, and therefore AiMAX, is not guaranteed to be successful. It is impossible to predict whether and the extent to which any ETFs comprising the Portfolio will yield positive or negative results. Following an extraordinary event described in AiMAX’s methodology, such as an ETF being delisted, liquidated or otherwise terminated, that ETF will be replaced by a successor ETF whose underlying commodities are same as those of the replaced ETF or whose underlying index is the same as used in the replaced ETF or an index using, in Solactive AG’s determination, the same or a substantially similar method of calculation as for the underlying index for the replaced ETF. There can be no assurance that such a replacement will not have a material adverse effect on the levels of AiMAX. The Index is an excess return index, which reflects the Index return less the cost of funds, an index maintenance fee of 0.75% per annum, subtracted daily, and a transaction cost of 0.02%, deducted daily.
Choosing an EV charger can feel even more complicated than buying a new car, with different manufacturers signing up with preferred partners to offer discounts and try to make the process as easy for customers as possible. It’s always worth shopping around and giving yourself more choice on charger spec and potentially saving some money in the process. Driver Power 2022 home EV chargers verdict
Privacy and Data Protection Statement
HSBC may sell securities to or buy them from customers on a principal basis and may also perform or seek to perform investment banking or underwriting services for or relating to those companies. This material may not be reproduced or further distributed, in whole or in part, for any purpose. No warranties Before you make any decision or take any action that might affect you or your personal finances or business, you should always consult a suitably qualified professional adviser(s) to obtain appropriate financial, legal, accounting, tax and other advice. Investment performance The exposures to the ETFs are purely notional and will exist solely in the records maintained by or on behalf of Solactive AG. There is no actual portfolio of assets to which any person is entitled or in which any person has any ownership interest. Consequently, you will not have any claim against any of the ETFs that are referenced by AiMAX. AiMAX is an excess return index. The return of AiMAX is determined by reference to the performance of the Portfolio (as adjusted based on the applicable exposure) in excess of the performance of a reference rate, the USD 3-month LIBOR rate. The level of AiMAX also reflects an embedded index fee of 0.75% per annum, deducted daily, and a transaction cost of 0.02% of the relevant change in the composition of the Portfolio and/or exposure of AiMAX to the Portfolio, as applicable, deducted every time such composition or exposure is adjusted, which is expected to occur daily. The performance of the reference rate, the embedded fees and the transaction cost will offset, in whole or in part, any positive performance and increase any negative performance of AiMAX. As a result, any return on AiMAX may be reduced or eliminated. When AiMAX is uninvested (i.e. the exposure to the Portfolio is less than 100%), the negative effect of the embedded fees and the transaction cost will be magnified, and the return on AiMAX may be negative even while the level of the Portfolio increases.
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