Lehman Minibond Sold in Hong Kong Retail Banks

During 2003-2008, many retail banks in Hong Kong had been selling a product called "Minibond" by Lehman minibond to all retail investors.
There are about $2 billions Lehman minibond sold in Hong Kong, to retail clients.

Here is a brief by banks' staff on one of the Lehman Minibond Series.
It was marketed as "Credit Linked to 7 well known international financial companies by issuer Pacific International Finance (SPV, Caymen Island).
Here are the things that many Banks staff told their clients:
- An credit event of the 7 reference entities would cause the loss in principal.
- The product would have no liquidity, thus any early redemption would cause principal loss;
- If one can hold it to its maturity 4-7 years, one can get 100% principal back if no credit event happens.

Questions are:

- Are the above information are all the material fact & material risk about Minibond?
- Are the Minibond money to be invested into the debt/loans of the 7 reference entities?
- Where did the Minibond money go? Were the Minibond money invested into any of the 6-7 reference entities' debt / loans/ bonds?  

-  What were the assets that back up the Minibond? 

    What was Minibond's underlying assets ?

    Is a AAA-rated COD equal to a AAA-rated loan / debt / bond? 

- ........ (many more questions).....

Did any banks' staff explain to you about the above questions ? 

.... to be continued
email contact: minibondVictim@gmail.com