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HSBC to price enhanced market participation notes linked to Hang Seng
By Angela McDaniels
Seattle, Sept. 12 - HSBC USA Inc. plans to price an offering of 0% enhanced market participation notes due Sept. 30, 2008 linked to the Hang Seng index, according to an FWP filing with the Securities and Exchange Commission.
The notes will price on Sept. 25 and settle on Sept. 28.
The payout at maturity will be par plus triple any index gain, subject to a maximum return that is expected to be 21% to 24% and will be determined at pricing. Investors will be fully exposed to any index decline.
HSBC Securities (USA) Inc. will be the agent.
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