This document outlines potential risks and conflicts associated with investing in Notes issued by HSBC. It highlights the lack of liquidity in the secondary market, potential conflicts of interest with HSBC acting as Calculation Agent, and the absence of insurance or guarantees by any governmental agency. The document also discusses the unpredictability of the Reference Currency's performance, potential market disruptions, and various economic and market factors that could impact the value of the Notes.
documents/vol00010-efta01344629-pdf.pdf
{"document_date":"2013-10-29","document_type":"financial","key_locations":["United States"],"document_subtype":"financial disclosure","key_organizations":["HSBC","Federal Deposit Insurance Corporation"],"reference_numbers":["DB-SDNY-0030298","SDNY_GM_00176482","EFTA01344629"]}