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HSBC plans Far East Opportunity CDs linked to Asian indexes via LaSalle
By Laura Lutz
Des Moines, Sept. 10 - HSBC Bank USA NA plans to issue Far East Opportunity certificates of deposit due Sept. 2, 2013 linked to four Asian indexes via LaSalle Financial Services Inc., according to a LaSalle term sheet.
The basket consists of equal weights of the Nikkei 225 index, the Hang Seng China Enterprises index, the Morgan Stanley Capital International Taiwan index and the Morgan Stanley Capital International Singapore Cash index.
At maturity, the CD will pay par plus any return on the basket. Investors will receive at least par.
Holders have the option to put the CDs back in whole on Sept. 30, 2008, Sept. 30, 2009, Sept. 30, 2010, Sept. 30, 2011 and Sept. 28, 2012.
The CDs have a trade date of Sept. 19 and a settlement date of Sept. 26. The initial index levels will be set on Sept. 20.
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