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HSBC to issue return optimization securities linked to index basket
By Jennifer Chiou
New York, April 11 - HSBC USA Inc. plans to price 0% return optimization securities with partial protection due May 22, 2009 linked to an index basket, according to an FWP filing with the Securities and Exchange Commission.
The basket will consist of the S&P 500 index with a 30% weight, the Nasdaq 100 index with a 15% weight, the FTSE 100 index with a 15% weight, the Dow Jones Euro Stoxx index with a 15% weight, the MSCI Emerging Markets index with a 15% weight and the HSBC Investable Climate Change index with a 10% weight.
At maturity, investors will receive par plus double the basket gain, capped at 12% to 13%. Investors will receive par for losses up to 10% and will share in any losses beyond 10%.
The notes will price on April 16 and settle on April 21.
UBS Financial Services Inc. and HSBC USA Inc. will be the agents.
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