Q: HSCEI AUTOCALLABLE NOTES
I would appreciate your views and comments on these types of notes as I am having difficulty finding information on performance.
I am researching a Note- the HSCEI Autocallable Note. The note will be a 5 year note issued by xxxx bank and is linked to the HSCEI (China H Shares) index. It will have approximately an 8% coupon each year, will be callable each year if the index is flat or up from the issue level, have an approximate 30-35% downside principal protection and daily liquidity.
Example Outcomes:
The HSCEI Index is flat or up at the 1st anniversary date the note will be called and the total return will be 8%
The HSCEI Index is down on the 1st anniversary date the note will not be called and will extend to the next anniversary date
The HSCEI Index is flat or up on the second anniversary date the note will be called and the total return will be 16%
The HSCEI Index is down between 1-35% at final maturity your investment amount is returned
The HSCEI Index is down greater than 35% at final maturity the principal will be returned minus the amount by which the index is down.
Thank you.
Nadine
I would appreciate your views and comments on these types of notes as I am having difficulty finding information on performance.
I am researching a Note- the HSCEI Autocallable Note. The note will be a 5 year note issued by xxxx bank and is linked to the HSCEI (China H Shares) index. It will have approximately an 8% coupon each year, will be callable each year if the index is flat or up from the issue level, have an approximate 30-35% downside principal protection and daily liquidity.
Example Outcomes:
The HSCEI Index is flat or up at the 1st anniversary date the note will be called and the total return will be 8%
The HSCEI Index is down on the 1st anniversary date the note will not be called and will extend to the next anniversary date
The HSCEI Index is flat or up on the second anniversary date the note will be called and the total return will be 16%
The HSCEI Index is down between 1-35% at final maturity your investment amount is returned
The HSCEI Index is down greater than 35% at final maturity the principal will be returned minus the amount by which the index is down.
Thank you.
Nadine