HSBC has launched the Solactive Luxury Dynamic Factors 10% Daily Risk Control TR Index-linked private placement notes (PPN) in Hong Kong SAR and structured deposits in Malaysia, to capitalise on the growing luxury consumption in Asia after Covid-19.

Several versions of the products are being rolled out with partial or full capital protection and a tenor of one to two years. “The payoffs being offered are growth payoffs with caps in the total payoff existing for certain variants,” a spokesperson told SRP. First introduced on 2 March in Malaysia, the MYR-denominated deposits are Shariah-compliant and available for HSBC Amanah clients. The PPN launched in Hong Kong SAR opened for subscription on 8 March for HSBC Jade clients, and

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