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The world's local bank
The world's local bank
Negotiable, short-term non-interest bearing notes issued by Banks such as HSBC Bank Canada, Bearer Deposit Notes are sold in bearer form at a discount to their face value. The difference between purchase price and redemption or maturity value is the investor’s return. There is typically a secondary market which allows investors to sell their notes at prevailing market levels, prior to maturity.
Key Features & Benefits:
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Negotiable
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Flexible maturity dates up to one year
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Available in Canadian and US dollars
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Minimum purchase amount of $1,000,000
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Typically issued in multiples of $1,000
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Alternative investment to HSBC Bankers’ Acceptances, Term Deposits or GICs
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Generally there is a liquid secondary market for the notes – investors may be able to sell prior to maturity at prevailing market conditions. Investor’s return is subject to market fluctuations if sold prior to maturity
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Great for investors who want relative safety of principal and interest and liquid investment
