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HSBC to issue return optimization securities linked to index basket
By Jennifer Chiou
New York, Sept. 28 - HSBC USA Inc. plans to price 0% return optimization securities due April 30, 2009 linked to an index basket, according to an FWP filing with the Securities and Exchange Commission.
The basket will consist of the Dow Jones Euro Stoxx 50 index with a 35% weight, the FTSE 100 index with a 25% weight, the Nikkei 225 index with a 25% weight, the Swiss Market index with a 5% weight, the S&P/ASX 200 index with a 5% weight and the MSCI Emerging Markets index with a 5% weight.
At maturity, investors will receive par plus triple the basket gain, capped at 23% to 26%. Investors will share in any losses.
The notes will price on Oct. 26 and settle on Oct. 31.
UBS Financial Services Inc. and HSBC USA Inc. will be the agents.
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