HSBC's two-year China ETF offers good chance to cash in on volatile environment

On a regular basis, HSBC Bank issues Two-Year CNY notes linked to the ChinaAMC CSI300 Index ETF. The last tranche, the Two-Year CNY Note S28, offers 100% capital protection and an early redemption event in the first year if the index is above 120% of its strike level providing a capital return of 11.17%. Otherwise, the plan runs until final investment date providing full capital return plus 1.7x geared upside calculated from a quarterly averaged performance. The China AMC CSI300 Index is free f