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HSBC to price CDs linked to Asian index basket via LaSalle
By Jennifer Chiou
New York, July 3 - HSBC Bank USA NA plans to price Far East opportunity point-to-point certificates of deposit due July 31, 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 Cash 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 the last business day of July of each year.
The CDs will price on July 26 and settle on July 31.
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