Lehman Brothers-related issues


1. List of unlisted Lehman Brothers-related retail structured products
The list only includes retail structured products for which offer documents and marketing materials have been authorised for issue by the SFC. Structured products sold through private placement, or those for which documents have not been authorised by the SFC, are not included in the list.

  Products Prospectuses and advertisements Frequently asked questions
1. Outstanding Retail Structured Notes issued by Pacific International Finance Limited (ie. Minibonds) (as at 1 February 2010) Pacific International Finance Limited 17 September 2008
2. Outstanding Retail Structured Notes issued by Pyxis Finance Limited (as at 1 February 2010) Pyxis Finance Limited 18 September 2008
3. Outstanding Retail Structured Notes issued by Atlantic International Finance Limited (as at 1 February 2010) Atlantic International Finance Limited 18 September 2008

2. Contact information of SFC-licensed distributors of Minibonds

  Distributors Phone number
1 Grand Cathay Securities (Hong Kong) Limited 2248 0617
2 KGI Asia Limited 2878 5555
3 Sun Hung Kai Investment Services Limited 3920 2637

3. SFC related press releases

SFC reaches agreement with Karl Thomson Investment Consultants Ltd concerning sale of Lehman Brothers Minibonds
SFC, HKMA, Dah Sing Bank Ltd and Mevas Bank Ltd resolve issues concerning Lehman Equity Index-linked Principal Protected Notes
SFC completes investigations of all 19 Minibond distributors
SFC, HKMA and 16 banks reach agreement on Minibonds
Investors warned about indirect credit exposure
KGI Asia Ltd agrees with SFC to repurchase Minibonds from its clients at original value
Sun Hung Kai Investment Services Ltd agrees with SFC to repurchase Minibonds from its clients at original value
SFC submits report to the Financial Secretary

Intermediaries should accelerate internal mis-selling inquiries
SFC urges structured notes holders to seek updated information
SFC to initiate mis-selling investigation against banks
SFC provides information on structured products

SFC urges issuers of retail investment products of risk-disclosure duty

SFC to investigate Lehman Brothers Minibond mis-selling complaints
SFC publishes lists of Lehman Brothers-related retail structured notes
SFC steps up measures to address investors' concerns
SFC meets Lehman Minibonds holders
SFC reminds regulated persons to meet obligations to investors
SFC clarifies issues on Lehman Minibonds
Brokerages report orderly trading and settlement
Lehman Brothers unlisted structured products
SFC issues Restriction Notices on Lehman Brothers' entities in Hong Kong

4. The SFC has continued to work closely with the Government and the Hong Kong Monetary Authority (HKMA) to address the concerns of investors who bought Lehman Brothers related investment products. Investors who have enquiries about the status of their Lehman-related investments or complaints against SFC-lincensed intermediaries, please contact the SFC at 2840 9222 (press 3 after selecting language option), by email at enquiry@sfc.hk or complaint@sfc.hk, or by filling our online complaint form.

5. Review Report on Lehman Brothers-related issues (31 December 2008)

6. Minibond agreement-related matters

7. Other related links

Receivers of the Mortgaged Properties of Minibond Series 10 to 12, 15 to 23 and 25 to 36 (30 June 2009)
Sun Hung Kai Financial to repurchase up to HK$85m of Lehman Brothers Minibonds from retail clients (22 January 2009)
HKMA - Investment products related to Lehman Brothers
FAQ on Lehman-linked Notes by trustee HSBC
*Please click the icon "FAQ on Lehman-linked Notes" located on the bottom left hand corner of HSBC's Hong Kong home page
FSTB responds to procession by Lehman Minibond holders (28 September 2008)
Government response to Lehman Minibonds (21 September 2008)
Lehman Brothers Asia Press Release (17 September 2008)