HSBC to price 0% return optimization securities linked to Asian indexes via UBS

By E. Janene Geiss

Philadelphia, Jan. 6 - HSBC USA Inc. plans to price 0% return optimization securities due Feb. 3, 2010 linked to a basket of Asian indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the Hang Seng China Enterprises Index with a 40% weight, along with the Hang Seng Index and the MSCI Singapore Free Index, each with a 30% weight.

At maturity, investors will receive par of $10 plus double any basket gain, up to a maximum return of 27.5% to 33.5%. The exact cap will be set at pricing.

Investors will receive par if the basket declines by 10% or less and lose 1% for every 1% the basket declines beyond 10%.

The notes are expected to price on Jan. 27 and settle on Jan. 30.

UBS Financial Services Inc. and HSBC USA Inc. are the agents.

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