Linear zero-coupon notes drive HSBC WM growth in Asia

Linear zero-coupon notes have become one of the new favourites for HSBC's clients to position their portfolios as the market expects the interest rate-cutting cycle to loom this year. Linear zero-coupon note has been a very successful launch primarily to position against rate cut expectations - Adam Lau Launched earlier this year, this callable structure constructed with three-to-five-year tenors has remained one of the top-selling structured products on the British Bank’s product shel