HSBC debuts capital at risk equity deposit, adds to Ying+ series in China

HSBC has issued its first equity-linked investment (ELI) with zero capital protection in China following a one-year development. With a six-month tenor starting from 2 November, the first tranche of the Feng Rui - CNY Convertible Non-Principal Protected Structured Deposit 6-001 (丰瑞系列 -人民币可转换非保本结构性存款产) struck on 31 October after a three-day subscription period. The new product offers an annualised coupon of four percent to 14%, indicative at 9% as of 24 October. The prolonged low interest rate