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Prospect News home > News index > List of issuers H > Headlines for HSBC Bank USA NA > News item
Published on 7/8/2008 in the Prospect News Structured Products Daily.

HSBC plans HSBC Investable Climate Change index CDs

By Susanna Moon

Chicago, July 8 - HSBC Bank USA, NA plans to price 0% HSBC Investable Climate Change index certificates of deposit due July 31, 2014, according to a term sheet.

Payout at maturity will be par plus 100% to 103% of any index gain, with the exact participation rate to be set at pricing. Investors will receive at least par.

The CDs will be putable.

The CDs are expected to price on July 24 and to settle on July 31.

HSBC Securities (USA) Inc. will be the agent.


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