This document outlines the 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 impact of market disruptions, historical performance of the reference currency, and various economic and market factors on the value of the Notes.
documents/vol00010-efta01344644-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-0030336","SDNY_GM_00176520","EFTA01344644"]}