HSBC France â¬ 20,000,000,000 Euro Medium Term Note Programme

More documents

Recommendations

Info

44 historical market prices of the reference assets or an index should not be taken as an indication of the reference assets' or an index's future performance during the term of any Note. The secondary market generally Notes may have no established trading market when issued, and one may never develop. If a market does develop, it may not be liquid. Therefore, investors may not be able to sell their Notes easily or at prices that will provide them with a yield comparable to similar investments that have a developed secondary market. This is particularly the case for Notes that are especially sensitive to interest rate, currency or market risks, are designed for specific investment objectives or strategies or have been structured to meet the investment requirements of limited categories of investors. These types of Notes generally would have a more limited secondary market and more price volatility than conventional debt securities. Illiquidity may have an adverse effect on the market value of Notes. Exchange rate risks and exchange controls The Issuer will pay principal and interest on the Notes in the Specified Currency. This presents certain risks relating to currency conversions if an investor's financial activities are denominated principally in a currency or currency unit (the "Investor's Currency") other than the Specified Currency. These include the risk that exchange rates may significantly change (including changes due to devaluation of the Specified Currency or revaluation of the Investor's Currency) and the risk that authorities with jurisdiction over the Investor's Currency may impose or modify exchange controls. An appreciation in the value of the Investor's Currency relative to the Specified Currency would decrease (1) the Investor's Currency-equivalent yield on the Notes, (2) the Investor's Currency-equivalent value of the principal payable on the Notes and (3) the Investor's Currency-equivalent market value of the Notes. Government and monetary authorities may impose (as some have done in the past) exchange controls that could adversely affect an applicable exchange rate. As a result, investors may receive less interest or principal than expected, or no interest or principal. Interest rate risks Investment in Fixed Rate Notes involves the risk that subsequent changes in market interest rates may adversely affect the value of the Fixed Rate Notes. Credit ratings may not reflect all risks One or more independent credit rating agencies may assign credit ratings to the Notes. The ratings may not reflect the potential impact of all risks related to structure, market, additional factors discussed above, and other factors that may affect the value of the Notes. A credit rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn by the rating agency at any time. Legal investment considerations may restrict certain investments The investment activities of certain investors are subject to legal investment laws and regulations, or review or regulation by certain authorities. Each potential investor should consult its legal advisers to determine whether and to what extent (1) Notes are legal investments for it, (2) Notes can be used as collateral for various types of borrowing and (3) other restrictions apply to its purchase or pledge of any Notes. Financial institutions should consult their legal advisors or the appropriate regulators to determine the appropriate treatment of Notes under any applicable risk-based capital or similar rules.
45 DOCUMENTS INCORPORATED BY REFERENCE This Base Prospectus shall be read and construed in conjunction with the following documents which have been previously published and filed with the CSSF and which are incorporated in, and shall be deemed to form part of, this Base Prospectus: - Update to the Registration Document of HSBC France for 2008 (the "2008 Update to the Registration Document") in the English language*, - 2007 Annual Report and Accounts HSBC France (the "2007 Annual Report") in the English language*, and - 2006 Annual Report and Accounts HSBC France (the "2006 Annual Report") in the English language*, save that any statement contained in a document which is incorporated by reference herein shall be deemed to be modified or superseded for the purpose of this Base Prospectus to the extent that a statement contained herein modifies or supersedes such earlier statement (whether expressly, by implication or otherwise). All documents incorporated by reference in this Base Prospectus may be obtained, without charge on request, at the principal office of the Issuer and the Paying Agent set out at the end of this Base Prospectus during normal business hours so long as any of the Notes are outstanding. In addition such documents will be published on the website of the Luxembourg Stock Exchange (www.bourse.lu). The information incorporated by reference in this Base Prospectus shall be read in connection with the cross reference list below. Any information not listed in the cross reference list but included in the documents incorporated by reference is given for information purposes only. CROSS REFERENCE LIST INFORMATION INCORPORATED BY REFERENCE REFERENCE Annex XI of the European Regulation 809/2004/EC STATUTORY AUDITORS 2008 Update to the Registration Document page 50. 2007 Annual Report page 176. 2006 Annual Report page 169. INFORMATION ABOUT THE ISSUER History and development of the Issuer 2007 Annual Report page 161. Place of registration of the Issuer and its registration number 2007 Annual Report page 159. BUSINESS OVERVIEW Principal activities: 2008 Update to the Registration Document pages 3-7. * The French language version of this document is available on the website of the Issuer.
Page 1 and 2: Base Prospectus dated 21 October 20
Page 3 and 4: 3 the basis of any credit or other
Page 5 and 6: 5 PERSON RESPONSIBLE FOR THE INFORM
Page 7 and 8: 7 Personal Financial Services: The
Page 9 and 10: 9 required from time to time in rel
Page 11 and 12: 11 in the third stage (or any furth
Page 13 and 14: 13 (ii) (iii) (iv) Risks related to
Page 15 and 16: 15 domaine de la clientèle particu
Page 17 and 18: 17 Européen ("EEE") dans des circo
Page 19 and 20: 19 un indice et/ou une formule et l
Page 21 and 22: 21 économique, une absence de liqu
Page 23 and 24: 23 Guarantees received and other cr
Page 25 and 26: 25 Other securities Debt securities
Page 27 and 28: 27 New allowances 9 17 14 (Release)
Page 29 and 30: 29 Product Control Within HSBC Fran
Page 31 and 32: 31 50,00 40,00 30,00 20,00 10,00 -
Page 33 and 34: 33 Foreign exchange risk 3.4 3.4 5.
Page 35 and 36: 35 Loan loss provisions At 30 June
Page 37 and 38: 37 in 2007: business operations inc
Page 39 and 40: 39 INSURANCE AND RISK COVERAGE HSBC
Page 41 and 42: 41 (viii) if a Relevant Factor is s
Page 43: 43 Set out below is a brief descrip
Page 47 and 48: 47 - Income statement 2006 Annual R
Page 49 and 50: 49 GENERAL DESCRIPTION OF THE PROGR
Page 51 and 52: 51 Redemption by Instalments: Early
Page 53 and 54: 53 Listing and admission to trading
Page 55 and 56: 55 document of title (including cer
Page 57 and 58: 57 "Treaty") or events have occurre
Page 59 and 60: 59 the Issuer in connection with th
Page 61 and 62: 61 · this number shall be increase
Page 63 and 64: 63 "M1" is the calendar month, expr
Page 65 and 66: 65 "Specified Currency" means the c
Page 67 and 68: 67 (iii) Screen Rate Determination
Page 69 and 70: 69 may be. Such notice shall be giv
Page 71 and 72: 71 (m) Calculation Agent and Refere
Page 73 and 74: 73 In the case of a partial redempt
Page 75 and 76: 75 (f) Redemption for Taxation Reas
Page 77 and 78: 77 order of the Noteholder in accor
Page 79 and 80: 79 admitted to trading) (iv) in the
Page 81 and 82: 81 Redemption Amounts, Optional Red
Page 83 and 84: 83 "Early Closure" means the closur
Page 85 and 86: 85 "Physical Settlement Date" means
Page 87 and 88: 87 "Strike Date" means the date spe
Page 89 and 90: 89 Time on the relevant Exchange on
Page 91 and 92: 91 Disrupted Day, and (ii) the Calc
Page 93 and 94: 93 "Scheduled Valuation Date" means
Page 95 and 96:
95 (ii) relates to a Basket of Indi
Page 97 and 98:
97 ends at the relevant Valuation T
Page 99 and 100:
99 Security or, as the case may be,
Page 101 and 102:
101 to" the Automatic Early Redempt
Page 103 and 104:
103 Calculation Agent in its sole a
Page 105 and 106:
105 Noteholder (all as calculated b
Page 107 and 108:
107 (a) Each of the following terms
Page 109 and 110:
109 "EMU Event" means the occurrenc
Page 111 and 112:
111 13. Representation of Noteholde
Page 113 and 114:
113 General Meetings may deliberate
Page 115 and 116:
115 in the city/ies where the Regul
Page 117 and 118:
117 TEMPORARY GLOBAL CERTIFICATES I
Page 119 and 120:
119 RECENT DEVELOPMENTS As principa
Page 121 and 122:
121 Individuals Luxembourg resident
Page 123 and 124:
123 [Include the following legend w
Page 125 and 126:
125 7. [(i)] Issue Date: [=] admitt
Page 127 and 128:
127 (viii) Party responsible for ca
Page 129 and 130:
129 (vi) Interest or Calculation Pe
Page 131 and 132:
131 22. Noteholder's optional redem
Page 133 and 134:
133 26. Financial Centre(s) or othe
Page 135 and 136:
135 (xiv) Corrections to published
Page 137 and 138:
137 (ix) (x) (xi) (xii) Knock-in Pe
Page 139 and 140:
139 (xxvi) Exchange Rate: [Not Appl
Page 141 and 142:
141 PART B - OTHER INFORMATION 1. R
Page 143 and 144:
143 Specify other information menti
Page 145 and 146:
145 12. [Dual Currency Notes only -
Page 147 and 148:
147 Common Code: [=] Depositaries:
Page 149 and 150:
commitment basis, and entities agre
Page 151 and 152:
151 provided that any such prospect
Page 153 and 154:
153 France Each of the Dealers and
Page 155 and 156:
155 (ii) Private placement in Italy
Page 157 and 158:
157 GENERAL INFORMATION (1) This Ba
Page 159 and 160:
159 (11) The statutory auditors of
show all

HSBC France â¬ 20,000,000,000 Euro Medium Term Note Programme

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?

HSBC France â¬ 20,000,000,000 Euro Medium Term Note Programme