HSBC Bank USA plans Far East certificates of deposit

By Jennifer Chiou

New York, Jan. 30 - HSBC Bank USA NA, New York Branch plans to price Far East opportunity point-to-point certificates of deposit due Feb. 16, 2012 linked to a basket of indexes, according to a term sheet.

The basket will include equal weights of the Nikkei 225, Hong Kong Hang Seng China Enterprises, Morgan Stanley Capital International Taiwan and Morgan Stanley Capital International Singapore Cash indexes.

The CDs will price on Feb. 12 and settle on Feb. 15.

The payout at maturity will be par plus the return on the basket. Investors will receive at least par.

Holders will have the right to put back the CDs at the end of February each year at the market price, as determined by the issuer.

LaSalle Bank NA is the distributor.

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