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HSBC to price CDs linked to Asian index basket via LaSalle
By Angela McDaniels
Seattle, June 5 - HSBC Bank USA NA plans to price an issue of Far East opportunity point-to-point certificates of deposit due June 29, 2012 linked to a basket of indexes via LaSalle Bank NA, according to a term sheet.
The basket will include equal weights of the Hong Kong Hang Seng China Enterprises, Morgan Stanley Capital International Taiwan, Morgan Stanley Capital International Singapore and Nikkei 225 indexes.
The payout at maturity will be par plus the basket return, with a floor of par.
The CDs will be putable on June 30 of each year.
The CDs will price on June 25 and settle on June 29.
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