Creates an opportunity for the customers to invest in the potential growth of Hang Seng Bank
HSBC Bank Malaysia Berhad has unveiled the four-year MYR Equity-linked Structured Investment, which offers customers the opportunity to invest in the potential growth of Hang Seng Bank – reported BERNAMA.COM.
Hang Seng Bank, a member of the HSBC Group, said that the bank was a capitalized commercial bank that provided various personal wealth management, commercial banking, corporate banking, treasury and private banking services, with over 220 service outlets. It serves more than one third of Hong Kong’s population and profits have increased around 250 times since being listed in 1977.
The bank’s wholly-owned subsidiary, Hang Seng Bank (China) operates a mainland China network of 34 outlets. Meanwhile, Hang Seng Bank’s capital position remains strong with a Tier 1 ratio of 13.1% and capital adequacy ratio of 16.6%.
HSBC informed that the investment is available from October 1 to October 15, 2009, and a minimum investment amount of RM250,000 is required to be placed as principal for a four-year tenure. However, it is not a principal protected if redeemed before maturity, reported the Malaysian news agency.