Priority Banking Enhance PowerLink 6.98% Promotion
Terms and Conditions (“T&Cs”)
PROMOTION PERIOD
1. The Hong Leong Bank Berhad’s (“HLB”) Priority Banking Enhance PowerLink 6.98%
Promotion (“Promotion”) commences on 1 December 2014 and ends on 30 June 2015, both
dates inclusive (“Promotion Period”), unless notified otherwise.
ELIGIBILITY
2. The Promotion is open to all new and existing HLB Priority Banking customers (“PB
Customers”) including Malaysian and non-Malaysian Residents.
PROMOTION MECHANICS
3. PB Customers are eligible for the following Offer subject to the fulfillment of the corresponding
minimum amount for both the selected Unit Trust (“UT”) investment and Fixed Deposit (“FD”)
placement (“Eligible PB Customers”) during the Promotion Period:
Product
Enhance
PowerLink
UT:FD
1:2
Selected UT
Amount
Sales
Charge
FD Amount
Offer
3.00%
Maximum 2 times
of the amount in
UT investment
2 Months FD interest rate at
6.98% p.a.
Minimum
RM50,000
(Prevailing 2 months FD is 3.05%p.a.)
4. The Promotion is applicable for New Funds placed in both the UT and FD only.
5.
“New Funds” are defined as:
(i) Cash, Interbank GIRO, new funds received via telegraphic transfer from other banks, local
cheque or bankers’ cheque issued by other banks; and
(ii) Redeemed equity, income, unit trust funds, bonds and Hong Leong Invest Safe that are redeposited into any HLB Current or Savings Account (“CASA”).
6. “New Funds” are NOT;
(i) Maturing FD or General Investment Account-i or Term Deposit-i; and
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(ii) Inter-branch transfer within HLB and Hong Leong Islamic Sdn. Bhd. including third (3 ) party
transfer.
7. For the avoidance of doubt, in order for the Eligible PB Customers to enjoy the Offer above:
(i) placement of the UT and FD have to be done concurrently during the Promotion Period; and
(ii) the maximum FD Amount to be placed concurrently with the UT investment is up to two (2)
times of the amount invested in the UT.
8. The UT booking date shall be considered as the UT placement date.
9. FD interest shall be credited into Eligible PB Customers’ nominated Current or Savings Account
(“CASA”) upon the maturity of two (2) months FD. Interest add-on to the FD Principal Sum is not
allowed.
10. In the event the FD is uplifted prior to maturity of two (2) months, no interest is to be paid.
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11. Upon maturity, the FD shall be auto-renewed at the prevailing conventional FD board rate.
12. Partial withdrawal of the FD is not allowed.
13. Withdrawal of FD can only be made at the home branch i.e. the branch where the FD placement
was made.
GENERAL UNIT TRUST TRANSACTIONS
14. Investments in the selected Unit Trust Funds using funds withdrawn from the Employees
Provident Fund (“EPF”) are not allowed.
15. Joint investments are treated as belonging to the person whose name appears first in the UT
transaction form (“Investment Primary Accountholder”). Only the Investment Primary
Accountholder is eligible for the above Promotional Sales Charge and Offer.
16. All the existing terms and conditions, rules and regulations governing the approved Unit Trust
transactions shall apply.
17. In the event PB Customers exercise their Unit Trust cooling-off right or the Unit Trust transaction
is rejected or cancelled by any parties for whatsoever reason, PB Customers shall NOT be
entitled to the Promotional Sales Charge and Offer as stipulated in the table above.
18. The terms and conditions governing the transactions in the selected Unit Trust are specified in the
relevant latest Prospectus(es) and Supplemental Prospectus(es) thereto (if any) that have been
duly registered and approved by the Securities Commission Malaysia which shall be governed by
and regulated in accordance with the Capital Markets And Services Act 2007 (as amended) and
the relevant guidelines and directives issued by the relevant authorities.
19. Unit Trust Disclaimer: This document is not intended to be an invitation or offer for subscription
of unit trusts nor does it amount to a solicitation by HLB for subscription of unit trusts by anyone.
Investors are advised to read and understand the contents of the prospectus which has been
registered with the Securities Commission Malaysia, who takes no responsibility of its contents,
before investing. A copy of the prospectus can be obtained from any of our branches or Fund
Manager’s offices. Any issue of units to which the prospectus relates will only be made on receipt
of an application form referred to and accompanying a copy of the prospectus. Investors should
note that there are fees and charges involved in the purchase of unit trusts. Investors are advised
to consider the fees and charges involved before investing and consult their licensed financial or
other professional advisor, if in doubt about any feature or nature of the fund. Please note that the
price of units and distributions payable, if any, may go down or up. Past performance of a fund is
not indicative of its future performance. The returns on unit trust investments are not guaranteed
and unit trusts do not constitute bank deposits or obligation of HLB nor are they guaranteed or
insured by HLB and are subject to investment risks, including the possible loss of the principal
amount invested. Unit trust schemes and units in such schemes are not insured by Perbadanan
Insurans Deposit Malaysia (“PIDM”), and any money withdrawn from an insured deposit for the
purpose of purchasing any units in a unit trust scheme is not insured by PIDM.
20. These terms and conditions are in addition to all other terms and conditions pertaining to the
sales, marketing and operating of a unit trust investment account. The specific terms and
conditions for the approved Unit Trust are set out in the Terms and Conditions of Unit Trust
Investment Services.
GENERAL
21. The Promotion is NOT valid with any other on-going promotions (including Unit Trust products
enjoying Promotional Sales Charge(s)) offered by HLB from time to time.
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22. By participating in the Promotion PB Customers:
(i)
have read and understood the Terms and Conditions herein and agree to be bound by
the terms and conditions of the Promotion;
(ii)
agree that decision on all matters relating to the Promotion shall be final and binding on
all PB Customers and no further correspondence and/or appeal to dispute such
decisions will be entertained;
(iii)
agree to access HLB’s website at www.hlb.com.my (“HLB’s Website”) at regular time
intervals to view the terms and conditions and to ensure they are kept up-to-date on any
change or variation to the terms and conditions; and
(iv)
agree to be liable and shall personally bear all applicable taxes, government fees or any
other charges that may be levied against them under applicable laws, if any, in relation to
their participation in the Promotion.
23. HLB reserves the right to:
(i)
decline PB Customers’ eligibility for the Promotion for any reason whatsoever as HLB
may, in its absolute discretion deem fit and
(ii)
at any time with twenty-one (21) calendar days’ prior notice to add, delete, suspend or
vary the terms and conditions contained herein, wholly or in part at its absolute discretion
by way of posting the amended terms and conditions on HLB’s Website or in any manner
deemed suitable by HLB.
24. The terms and conditions herein and General Terms and Conditions of Accounts are read as an
entire agreement. In the event of any discrepancy, the specific terms and conditions herein shall
prevail to the extent of such discrepancy.
25. PB Customers who have committed or are suspected of committing any fraudulent or wrongful
acts in relation to any of the facilities granted by HLB or have been declared bankrupt (pursuant
to a petition by either banks or by any third party) or are subject to any bankruptcy proceedings at
any time prior to or during the Promotion Period shall NOT be eligible to participate in the
Promotion.
26. The T&Cs shall be governed by and construed in accordance with the laws of Malaysia and PB
Customers agree to submit to the jurisdiction of the Courts of Malaysia.
Deposit products are eligible for protection by PIDM.
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