HSBC USA to price 0% green energy access notes

By Angela McDaniels

Tacoma, Wash., March 17 - HSBC USA Inc. plans to price 0% green energy access notes due May 2, 2011 linked to the HSBC Investable Low Carbon Energy Production index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be an amount in cash equal to the settlement amount, which is 97% of par plus the index return.

The notes will be exchangeable on two exchange dates, which are expected to be April 27, 2009 and April 26, 2010. Upon exchange, investors will receive the settlement amount minus an early redemption fee equal to 1% of the settlement amount.

The notes are expected to price on April 25 and settle on April 30.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.