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HSBC launches Singapore's first principal protected retail note

HSBC has launched what it claims to be the first principal protected note developed for retail investors in Singapore.

The return of three-year 100% principal protected note is linked to the performance of a basket of four Singapore blue chip stocks: Singapore Telecommunications, Singapore Airlines, Singapore Press and DBS Group.

Depending on the performance of the four stocks, investors can receive up to 5.5% interest every year at semi-annual intervals when the share prices of the four stocks are evaluated.

“Stru

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