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HSBC plans 6%-6.5% callable yield notes tied to S&P 500, Russell 2000
By Susanna Moon
Chicago, March 19 - HSBC USA Inc. plans to price 6% to 6.5% callable yield notes due April 1, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless either index finishes below the 70% knock-in level, in which case investors will receive par plus the return of the worst-performing index.
HSBC Securities (USA) Inc. is the agent.
The notes will price on March 23 and settle on March 30.
The Cusip is 4042K1A60.
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