Societe Generale Debuts US Equity Indices CBBCs on Hong Kong Stock Exchange
Societe Generale is pleased to announce the issuance of callable bull/bear contracts (CBBCs) linked to major US indices including the S&P 500, NASDAQ-100, and Dow Jones Industrial Average Indices, and currently being the only issuer in the market that offers CBBCs with exposure to US equities.
The new CBBCs, which were listed for trading on the Hong Kong Stock Exchange on 14 September 2022, provide investors with an even broader spectrum of investment choices to gain exposure to the US market during local trading hours.
Keith Chan, Head of Cross Asset Listed Distribution for Global Markets in Asia Pacific at Societe Generale, said, “The increasing volatility in the recent stock markets has certainly called for more choices of trading products for investors who are looking to diversify their portfolio under different market conditions. The newly-listed CBBCs enable local investors with varying risk appetites to broaden their access to one of the world’s biggest economies.”
As a long-established issuer in Hong Kong’s listed structured products market, Societe Generale dominated the CBBC market share at 18% by turnover (HK$396 billion) and 21% by issuance (9,007) in FY2021.
“With over 30 years of experience as one of the world’s largest issuers of listed products, Societe Generale will continue to introduce innovative products to the market by expanding and enriching our offering, as well as educating clients, and improving their user experience in the region,” added Chan.
For more information, please visit https://hk.warrants.com/.
Disclaimer
This article is published by SG Securities (HK) Limited (“SG”). The information contained in this article is provided for reference only and do not constitute an offer, a solicitation of an offer or invitation, advertisement, inducement, representation of any kind or form whatsoever or any advice or recommendation to entered into any transactions. Structured Products are non-collateralised. If the Issuer or the Guarantor is insolvent or defaults, investors may not recover part or all of the amount due. The price of the Structured Products may fall and rise, and under certain circumstances investors may sustain a total loss of their investment. Past performance is not indicative of future performance. CBBCs have a mandatory call feature. CBBCs must be terminated when the price/level of the underlying asset reaches the call price/level before expiry. In such case, you will lose all of your investment in the CBBCs (for category N CBBCs) and the residual values of the CBBCs may be zero (for category R CBBCs). SG and/or its affiliates are the liquidity provider and/or the issuer of the Structured Products referred herein. Under certain circumstance, SG may be the only person quoting prices for the Structured Products on the Hong Kong Exchanges and Clearing Limited. Before investing in the Structured Products, investors should independently evaluate the suitability and risks involved in investing in such products and carefully study all the details of the Structured Products set out in the listing documents. If necessary, investors should seek advice from their professional advisors. Please refer to the relevant listing documents for the relevant indices disclaimers (if applicable). Please visit our website hk.warrants.com to obtain our listing documents in relation to the Structured Products.
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