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HSBC Warrants and CBBC HSI Call 17336 Put 18672 Bull 68304

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HSBC Warrants and CBBC HSI Call 17336  Put 18672  Bull 68304 Powered By Docstoc
					                                      HSBC Warrants and CBBC
                                      Broaden Your Investment Opportunities

                                      Hotline: 2822 1849
                                      Website: www.warrants.hsbc.com.hk



HSBC Warrant & CBBC Focus                                        27 Nov 2009 (Friday)
    HSI Call 17336 / Put 18672 / Bull 68304 / Bear 68217 / CCB
    Call 18547 / ICBC Call 18540 / BOC Call 18544 / A50 Call
    17711 / Put 17781 / Sinopec 18548

                               HSBC Daily Warrant/CBBC Focus
                                                                                       Maturity
                            Underlying    Warrant   Warrant        Strike Price /                  Effective
    Warrant Underlying                                                                  Date
                            Code           Code      Type       Call Price (HKD/pts)              Gearing (x)
                                                                                       (MM/YY)
                                          17336       Call           24800             03/2010        8.2x
                                          18672       Put            20800             03/2010        6.3x
                                          68303       Bull        20800 / 21288        07/2010        n/a
                                          68304       Bull        21400 / 21888        07/2010       26.1x
    Hang Seng Index             HSI       68217       Bear        24100 / 23628        07/2010       10.8x
                                          65674       Bear        23900 / 23200        05/2010       12.5x
    A50 China Tracker          2823       17711       Call            16.88            03/2010        7.3x
    A50 China Tracker          2823       17781       Put             12.88            06/2010        3.6x
    CCB                        939        18547       Call             7.68            03/2010        7.6x
    ICBC                       1398       18540       Call             7.28            03/2010        7.4x
    Bank of China              3988       18544       Call             4.88            03/2010       7.1x
    China Merchant Bank        3968       18097       Call            21.88            03/2010       6.3x
    China Citic Bank            998       19468       Call             7.68            05/2010       5.8x
    China Life                 2628       18096       Call            43.88            03/2010        7.4x
    Sinopec                     386       18548       Call             7.88            06/2010       5.3x
    China Mobile               941        15196       Call             86.6            10/2010        4.6x
    China Mobile               941        15942       Put             69.88            01/2010        8.6x
    BYD                        1211       18690       Call            79.88            09/2010        2.3x
    Tencent                     700       19000       Call           178.88            09/2010        3.8x
    Zijin Mining               2899       17458       Call             8.88            05/2010        3.4x
    Zhaojin Mining             1818       19053       Call            18.88            06/2010       2.5x
    Petrochina                  857       17291       Call            10.88            02/2011        3.6x
    Hong Kong Exchange          388       17052       Call           138.88            01/2010        7.3x
    China Unicom                762       17753       Call            12.68            04/2010        4.9x
    China Telecom               728       19264       Call             5.38            09/2010         5x
    R&F Properties             2777       18539       Call            17.88            03/2010        4.8x


    Source: Bloomberg, Reuters and HSBC Warrants website (http://www.warrants.hsbc.com.hk)
    The Warrants and/or Callable Bull/Bear Contracts are structured products which involve derivatives. Do not
    invest in them unless you fully understand and are willing to assume the risks associated with them.
                                           HSBC Warrants and CBBC
                                           Broaden Your Investment Opportunities

                                           Hotline: 2822 1849
                                           Website: www.warrants.hsbc.com.hk




This document (including any indicative terms) has been issued by The Hong Kong and Shanghai Banking Corporation Limited
(“HSBC” or the “Issuer”) for information purposes only. This document does not constitute an offer or solicitation for, or advice
as to any purchase or sale of Structured Products. The Issuer is not the ultimate holding company of the group to which the
Issuer belongs and with which the Issuer's name is identified. The ultimate holding company of the group to which the Issuer
belongs is HSBC Holdings plc. HSBC Holdings plc and its subsidiaries (the “HSBC Group”) and/or their officers, directors and
employees may have long or short positions in any securities, including the underlying, mentioned in this document. HSBC
Group companies may sell securities to or buy them on a principal basis and may earn brokerage fees in respect of any
business transacted by them in any of the Structured Products mentioned herein. Investors are warned that the price of the
Structured Products may fall in value as rapidly as it may rise and holders may sustain a total loss of their investment. This
information does not disclose all relevant risks arising from and material terms in relation to the trading of Structured Product(s)
mentioned herein. Suitability should be duly considered by investors before trading in such Structured Products. You should
ensure you understand the nature of the Structured Products and carefully study the risk factors set out in the Base Listing
Document and the relevant Supplemental Listing Document and, where necessary, seek professional advice before you invest
in the Structured Products. The Base Listing Document and the Supplemental Listing Document may be obtained during usual
business hours on any weekday (Saturdays, Sundays and holidays excepted) at the offices of the Issuer at Level 15, HSBC Main
Building, 1 Queen’s Road Central, Hong Kong. Before purchasing the Structured Products you should ensure that you fully
understand the potential risks and rewards and independently determine that they are appropriate for you given your
objectives, experience, financial and operational resources and other relevant circumstances. HSBC Securities Brokers (Asia)
Limited is the liquidity provider of the Structured Products issued by HSBC and may conduct market making activity in respect
of the securities mentioned herein. Investors should note that HSBC acting through its appointed liquidity provider may be the
only market participant in the Structured Products. Market information is obtained from sources believed to be reliable but
which has not been independently verified; no guarantee, representation or warranty is made and no responsibility or liability
as to its accuracy or completeness is accepted. Please note that any prices or levels contained in these pages are indicative
only and may vary in accordance with changes in market conditions. No liability is accepted whatsoever for any direct, indirect
or consequential loss arising from the use of this market information. Expressions of opinion are those of HSBC only and are
subject to change without notice. In respect of the Structured Products, HSBC or any of its affiliates may from time to time
implement promotion programmes, including commission rebates or other form of incentives, with a selected number of
intermediaries.

As of 26 Nov 2009, HSBC Group companies (i) have received compensation or mandate for investment banking services from
those companies mentioned herein for the next 3 months; (ii) have received compensation or mandate for investment banking
services from those companies mentioned herein within the preceding 12 months; (iii) have financial interests aggregate to an
amount equal to or more than 1% of the market capitalization of those companies mentioned herein; (iv) provided non-
investment banking securities related services to those companies mentioned herein within the last 12 months; (v) provided
non-securities services to those companies mentioned herein within the last 12 months; and (vi) no individual employed by or
associated with the group serves as an officer of the listed companies.

Please read the disclaimers in relation to the Hang Seng Index and the Hang Seng China Enterprises index in the relevant
Supplemental Listing Documents.

				
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