HSBC USA to price 0% green energy access notes

By Susanna Moon

Chicago, June 3 - HSBC USA Inc. plans to price 0% green energy access notes due June 30, 2011 linked to the HSBC Investable Low Carbon Energy Production index, according to an FWP filing with the Securities and Exchange Commission.

The notes will price at 103.

Payout at maturity will be par plus the index return.

The notes will be exchangeable on two dates, which are expected to be June 25, 2009 and June 25, 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 June 25 and settle on June 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.