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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01344620: Holder (DS10)

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This document contains terms regarding HSBC's obligations as a calculation agent for financial notes, stating that HSBC and the Calculation Agent have no obligation to consider the interests of note holders when taking corporate or other actions. The excerpt clarifies the limited fiduciary responsibilities of the financial institutions involved.

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HSBC and the Calculation Agent are under no obligation to consider your interests as a **holder** of the Notes in taking any corporate actions or other actions

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