Does this look like a low-risk investment and a good income generator? Of course the 2010 callable part makes it good for really 5 years, one could argue. The best 5 year CDs are still only giving 5+% yield right now.
New Issue Preferred Security
15.00% Dividend Tax Rate Eligible
Description:HSBC Holdings PLC-American Depository Shares
Expected Coupon: 6.125-6.250%-Estimated
Rating:A1/A- Moody's/ Standard & Poor's
Call: 2010 @ $25.00
Tax Status: 15% Dividend Rate