HSBC plans six-year global opportunity CDs linked to index basket

By Susanna Moon

Chicago, May 4 - HSBC Bank USA, NA plans to price 0% global opportunity certificates of deposit with minimum return due May 25, 2016 based on 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, Hang Seng and Euro Stoxx 50.

The payout at maturity will be par plus any basket gain. Investors will receive a minimum return of 2% to 5%, with the exact percentage to be set at pricing.

The final level of each index will be the average of its closing levels on Feb. 19, May 19, Aug. 19 and Nov. 19 of each year.

The CDs are putable on May 31, 2011, May 31, 2012, May 31, 2013, May 30, 2014 and May 29, 2015.

The CDs will price on May 18 and settle on May 25.

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

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