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HSBC plans CDs linked to four Asian indexes
By Laura Lutz
Des Moines, Oct. 2 - HSBC Bank USA, NA plans to price Far East Opportunity certificates of deposit due Oct. 31, 2013 linked to a basket of Asian equity indexes, according to a term sheet.
The basket consists of equal weights of the Nikkei 225 index, Hang Seng China Enterprises index, Morgan Stanley Capital International Taiwan index and Morgan Stanley Capital International Singapore Cash index.
The CDs are subject to early redemption on each anniversary of their issuance.
The payout at maturity will be equal to par plus any gain on the basket. Investors will receive at least par.
The CDs are expected to price on Oct. 25 and Oct. 31.
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