SG issues structured note in Hong Kong

Société Générale has launched the SG Excel Note in Hong Kong, which is linked to four H-share companies.

The one-year note, available in US (Series 30) and Hong Kong dollars (Series 31), is based on the performance of a basket containing shares of Chinese blue-chip companies: China Petroleum and Chemical Corp, China Mobile, China Communications Construction and China Merchants Bank.

The note provides a fixed coupon of 3.1% of the original investment for the Series 30 Notes, or 3% for the Series 31 Notes on the first payment date (of which there are 12), regardless of the performance of the

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