On September 7, The Hongkong and Shanghai Banking Corporation Limited published supplementary listing documentation for four single-stock callable bull and bear certificates bearing securities codes 54920, 54922, 54939, and 54941, with an issue date of September 4, 2026, slated for issuance on September 8, 2026, and listing on the Stock Exchange of Hong Kong on September 9.
All four instruments are European-style cash-settled R-class products, with underlying shares being Tencent Holdings Ltd (00700.HK), Meituan, Yangtze Optical Fibre and Cable Joint Stock Ltd (06869.HK), and Alibaba Group Holding Ltd. Among these, codes 54920, 54922, and 54941 are bull certificates, while 54939 is a bear certificate.
The issue sizes are set at 100 million units, 160 million units, 40 million units, and 140 million units, respectively, with per-unit issue prices of HK$0.06, HK$0.05, HK$0.15, and HK$0.05. The strike prices are HK$436.80, HK$73.50, HK$193.00, and HK$106.50, while the call prices are HK$440.00, HK$76.00, HK$185.00, and HK$108.00, respectively.
The expiry dates are February 11, 2027, February 11, 2027, March 5, 2029, and February 22, 2027, with settlement currency set as Hong Kong dollars for all products. The issuer is a licensed bank regulated by the Hong Kong Monetary Authority, with liquidity provider being HSBC Securities Brokers (Asia) Limited and independent auditor being PricewaterhouseCoopers.
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