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Published on 3/2/2009 in the Prospect News Structured Products Daily.

HSBC to price global opportunity notes linked to index basket

By Susanna Moon

Chicago, March 2 - HSBC USA Inc. plans to price 0% global opportunity notes due Sept. 30, 2014 linked to a basket of equally weighted indexes, according to an FWP filing with the Securities and Exchange Commission.

The underlying indexes are the S&P 500, Nikkei 225 and Dow Jones Euro Stoxx 50.

The payout at maturity will be par plus any basket gain, up to a maximum return of 45% to 55%. The exact cap will be set at pricing.

Otherwise, investors will receive par.

The notes will price on March 26 and settle on March 31.

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


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