CITIC Securities Brokerage (Hong Kong) Announces Launch of Three Hang Seng Index Structured Products

Deep News09-15 19:02

CITIC Securities (06030.HK) brokerage division in Hong Kong has filed a supplementary listing document, unveiling plans to introduce three European-style cash-settled R-class callable bull/bear contracts linked to the Hang Seng Index. The new instruments, carrying security codes 56914, 56921, and 56922, are slated to begin trading on the Stock Exchange of Hong Kong on September 17, 2026.

Each of the three structured products will have an initial issue size of 200 million units, with a board lot size of 10,000 units per trade. Among these, codes 56914 and 56921 are structured as bear contracts, with issue prices set at HK$0.03 and HK$0.041 respectively, and exercise levels at 24,906.00 and 25,200.00, both expiring on April 27, 2029. The third instrument, code 56922, is designed as a bull contract, priced at HK$0.03 with an exercise level of 24,700.00, reaching maturity on December 28, 2028.

The launch date for these products has been set for September 14, 2026, with the official issuance date following on September 16, 2026. The issuance was authorized by the issuer's board of directors on February 21, 2024. These instruments are unsecured and carry no guarantees, and the parent company, CITIC Securities International, holds long-term credit ratings of BBB+ with a stable outlook from S&P, and A- with a stable outlook from Fitch.

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