HSBC in Brunei is marketing a three-year, Singapore dollar-denominated note, which is 100% principal protected and linked to the price of HSBC shares.
SGD Sparkling Growth Note, HSBC Holdings PLC pays a fixed annual coupon of 0.5% pa. An additional amount of up to 5% is payable at maturity, depending on the performance of the share.
"Looking ahead, HSBC will continue to expand its presence in developing countries, as these markets, over the long term, will continue to grow at a faster pace than developed economies," said Jenny Lau of Premier &Wealth Management, HSBC Brunei.
The minimum investment is SGD10,000 ($7,111); the note is available until 17 March 2010.