The document discusses the risks associated with investing in Notes tied to a Reference Currency, including exchange rate fluctuations, political and economic risks in emerging markets, and the lack of interest payments. It highlights potential conflicts of interest, currency exchange risks, and the impact of built-in costs on the value of the Notes. The Notes are not liquid and are not listed on any securities exchange.
doj/DataSet10/EFTA01450399.pdf
{"title":"Notes on Reference Currency and Associated Risks","document_date":"2013-10-29","document_type":"financial","key_locations":["United States","Mexico"],"document_subtype":"financial disclosure","key_organizations":["HSBC USA Inc.","JP Morgan","HSBC Securities (USA) Inc."],"reference_numbers":["DB-SDNY-0106003","SDNY_GM_00252187","EFTA01450399"]}