sg-to-launch-hshare-structured-note

SG to launch H-share structured note

Hong Kong investors are being wooed by Societe Generale's offer of free supermarket coupons.
Societe Generale has launched a structured note linked to four popular H-shares. Currently being marketed in Hong Kong, the SG Excel notes have a maximum life of one year and promise to pay investors a maximum 3.1% a month.

The payout is similar to an accumulator in that investors get the best returns when the worst-performing stock of Sinopec, China Mobile, China Communications Construction or China Merchants Bank trades within a fixed range. For the note to survive until the one-year maturity, at least one of these stocks has to be trading below its starting price at the end of each month.

This is because the top of the range, or the callable price, is...
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