How was Mahogany Notes II being briefed?

Here is a link that showed how the credit linked Notes "Mahogany II" was introduced in the 2-page brief:

http://www.mahoganycapital.com.au/mahogany/PageAttachmentServlet?PageID=4764

It mentioned the fact of credit linked with many (a portfolio) of reference entities;
It listeded the portfolio entities' credit rating distribution, etc.

What was the brief clients received at banks in Hong Kong?
- It was credit linked with the 7 reference entities.

What was the banks' due diligent when banks were selling Minibond to clients?

What was the SFC's "disclosure" standard on the Minibond Prospectus?

Minibond Series #27 by Pacific International Finance (SPV)

Here is the information for this product.
The product is sold at many Banks in Hong Kong, in Aug. 2006. Many banks (including Wing Hang Bank) rated it was "Medium Risk Investment".
1. The Minibond Advertisement in Banks' counter:

http://sc.sfc.hk/gb/www.sfc.hk/sfcCOPro/EN/displayFileServlet?refno=0315&fname=A4_Eng.pdf
2. The Issuers Prospectus
http://sc.sfc.hk/gb/www.sfc.hk/sfcCOPro/EN/displayFileServlet?refno=0315&fname=IP_Eng.pdf
3. The Program Prospectus (This was never mentioned to clients. But it does exist)
http://sc.sfc.hk/gb/www.sfc.hk/sfcCOPro/EN/displayFileServlet?refno=0267&fname=Minibond%202006_PP_Eng.pdf
A reading of the Advertisement, and reading of the Issuer Prospectus, would show you how complex the product is. Not sure if any of you would be able to understand the true nature and riks of the Minibond.
I would be happy to hear your comments after reading any of the above documents.

email: minibondVictim@gmail.com

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