<?xml version="1.0" encoding="utf-8" ?>
<!--View is confirmation-->
<!--Version is 5-10-->
<!--NS is http://www.fpml.org/FpML-5/confirmation-->
<!--
        == Copyright (c) 2014-2018 All rights reserved.
        == Financial Products Markup Language is subject to the FpML public license.
        == A copy of this license is available at http://www.fpml.org/documents/license
-->
<executionNotification
    xmlns="http://www.fpml.org/FpML-5/confirmation"
    xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
    fpmlVersion="5-10"
    xsi:schemaLocation="http://www.fpml.org/FpML-5/confirmation ../../fpml-main-5-10.xsd http://www.w3.org/2000/09/xmldsig# ../../xmldsig-core-schema.xsd"
>
  <header>
    <messageId messageIdScheme="urn:hsbc:message-id">MSG000001</messageId>
    <sentBy />
    <creationTimestamp>2015-08-04T11:03:00Z</creationTimestamp>
  </header>
  <isCorrection>false</isCorrection>
  <optionEvent>
    <tradeIdentifier>
      <partyReference href="p1234" />
      <tradeId tradeIdScheme="urn:hsbc:trade-id">TRD102326382</tradeId>
    </tradeIdentifier>
    <noTouch>
      <observationStartDate>2015-08-01</observationStartDate>
      <observationEndDate>2015-09-01</observationEndDate>
      <lowerBarrier>
        <triggerRate>1.2</triggerRate>
        <quotedCurrencyPair>
          <currency1>USD</currency1>
          <currency2>GBP</currency2>
          <quoteBasis>Currency1PerCurrency2</quoteBasis>
        </quotedCurrencyPair>
        <minimumObservedRate>
          <rate>1.25</rate>
          <date>2015-08-27</date>
        </minimumObservedRate>
      </lowerBarrier>
      <upperBarrier>
        <triggerRate>1.5</triggerRate>
        <quotedCurrencyPair>
          <currency1>USD</currency1>
          <currency2>GBP</currency2>
          <quoteBasis>Currency1PerCurrency2</quoteBasis>
        </quotedCurrencyPair>
        <maximumObservedRate>
          <rate>1.49</rate>
          <date>2015-08-15</date>
        </maximumObservedRate>
      </upperBarrier>
      <settlementType>Cash</settlementType>
    </noTouch>
  </optionEvent>
  <party id="p1234">
    <partyId partyIdScheme="urn:hsbc:party-id">HSBCLON</partyId>
  </party>
  <party id="p5678">
    <partyId partyIdScheme="urn:hsbc:party-id">BNPPLON</partyId>
  </party>
</executionNotification>
