Bonds

Information quoted is from publicly available sources or proprietary data and subject to change without notice. This information is neither an offer to sell, purchase or subscribe for any investment nor a solicitation of such an offer. HSBC accepts no liability for any loss or damage arising out of the use of all or part of this material. This information is general and does not take into account a person's individual circumstances, objectives or needs. The price of bonds can and does fluctuate and any individual bond may experience upward or downward movements. The secondary market for bonds may not provide significant liquidity or may trade at prices based on prevailing market conditions. Past performance is not a reliable indicator of future performance. The holder of the fixed income security bears the credit risk of the issuer and has no recourse to HSBC unless the latter is the issuer itself. The decision to place the investment should be based on your own judgment without relying on any material provided or advice given by the Bank or its representative. You should consider these matters and consult your financial advisor prior to making any investment decisions.