Calyon is currently marketing Fortune Notes 19 to Hong Kong retail investors.
The product, which is issued by the French bank’s Guernsey arm, is linked to a basket of four shares (HKEx, PetroChina, China Life and Bank of Communications) and attributes variable bi-monthly coupons.As with issue 18 of the notes, the product's term is set at one year, with potential early maturities every two months throughout. The maximum annualised return is 31.2%, owing to a coupon enhancer feature doubling the normal coupon sizes should all underlyings stray outside a plus or minus 10% range during the investment period.
Capital is at risk at maturity, depending on the level of the worst-performing share. Minimum investment for this product is HKD30,000 ($3,850). Fortune Notes 19 is available via Bank of China, Chiyu Banking Corp, Nanyang Commercial Bank and Quam Securities.
The strike is expected to be 7 January 2007.
Click here to view the marketing material for this product.
