HSBC Bank USA plans CD linked to global index basket via JVB

By Jennifer Chiou

New York, Feb. 7 - HSBC Bank USA NA plans to issue a global equity-linked basket certificate of deposit due Feb. 28, 2012 linked to the S&P 500, Nikkei 225 and Dow Jones Euro Stoxx 50 indexes via JVB Financial Group LLC, according to a term sheet.

The indexes will be equally weighted.

At maturity, the CDs will pay par plus the basket return with a minimum return of 10%.

Holders have the option to put the CDs back in whole on Feb. 29, 2008; Feb. 27, 2009; Feb. 26, 2010; and Feb. 28, 2011.

The CDs will price on Feb. 23 and settle on Feb. 28.

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