HSBC Hang Seng China Enterprises Index® Linked Deposit Notes (USD)

Matured price*: 108.00%
Maturity date: 13 April 2009

The Notes will pay, if held to maturity: i) 100 per cent of the principal amount invested; and ii) a variable return, if any, based on 100 per cent of the aggregate average performance of three equally weighted indices. The increase in value in each index will be measured from its closing level on the index set date (23 July 2004) to the arithmetic average of the closing levels of such index on specified preset quarterly observation dates (23 July, 23 October, 23 January and 23 April in each year). The average performance of the three indices (positive or negative) will then be weighted equally to determine the variable return, if any.

Key features

Issue date: 13 April 2004
Maturity date: 13 April 2009
Note term: 5 years
CUSIP #: 40427HDG5
Currency: USD
Participation: 100%


  • Principal protected at maturity
  • Guaranteed minimum variable return of 6% at maturity
  • Maximum maturity value of Note of USD2400 per USD1000 invested

Underlying asset(s)

Hang Seng China Enterprises Index®

Are the Notes right for you?

The Notes may be an appropriate investment for you, if, among other things: (1) you are looking for safety of principal if held to maturity; (2) want exposure to an investment that is linked to the performance of the Hang Seng China Enterprises Index® and (3) are investing for the longer term.

The Notes do not provide investors with a return, or income stream, prior to maturity. The effective yield to maturity of the Notes may be less than that which would be payable on a conventional fixed-rate or floating-rate debt instrument. The Notes are generally more suitable for purchasing and holding up to maturity. Potential investors should consult with their own investment, legal and tax advisors to determine the suitability.

Secondary market

HSBC Securities (Canada) Inc intends, in normal market conditions, but is under no obligation, to use reasonable efforts to provide a secondary price for the Notes as principal. Sale of Notes prior to maturity are not subject to an early trading charge.

Risk factors

Noteholders should carefully review and consider all risks with their investment advisor, including:

  • Notes are not insured under the Canada Deposit Insurance Corporation Act
  • The principal amount is protected only if Notes are held to maturity
  • No guaranteed secondary market
  • Price or other movements in the instruments comprising the index are unpredictable
  • Conflicts of interest with the calculation agent

Additional information

Amendments to Notes – The global deposit note filed on CDS representing the Notes may from time to time be amended, supplemented or restated by HSBC without the approval of the Noteholders for the following purposes: (i) ensuring or continuing compliance with applicable laws, regulations, rules or requirements of any governmental authority having jurisdiction over HSBC, (ii) changing the dates on which payments are required to be made to conform with customary settlement practices, (iii) making any modification that would not be prejudicial to the interests of Noteholders in the opinion of HSBC; (iv) making changes or corrections which are necessary or desirable for the correction of typographical mistakes, or are required for the purpose of curing any ambiguity, defective or inconsistent provisions, omissions or errors.

Please do not hesitate to call us at +1 866 511 4722 or send us an e-mail for more information.

*The price is before the application of an early trade charge that may apply. The secondary market price for a Note, if available, represents the bid price of such Note as a percentage (%) of the original principal amount invested. The bid price stated is only as of the date indicated.

Important: Please read the disclaimer carefully.