Watch List notes:

The Hongkong and Shanghai Banking Corporation, group of 3 replacement notes, $100, 1.1.2001, ZZ190320, $1000, 1.9.2000, ZZ057611 and 1.1.2005, ZZ147866,(Pick 203d*, 206a* and 211b*), graded PMG 66EPQ, 66EPQ and 53EPQ respectively (3).

Estimate: $2,600.00 - $4,000.00