HSBC offers US investors uncapped capital-at-risk note linked to Russell 2000

Uncapped and unprotected

A bottle of champagne being opened

HSBC has issued a new market-linked step-up note that pays uncapped returns if the Russell 2000 index performs sufficiently. The deal offers a fixed growth payment of 15% if the underlying asset stays flat, or accelerated returns above the growth payment if the index has risen by more than 15% from its initial level at the end of the term. The product is suitable for investors who expect strong market growth and are ready to lock in capital for the full three years, in the knowledge that their

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