Published on 1/27/2012 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $679,000 digital buffered notes tied to Russell 2000
By Susanna Moon
Chicago, Jan. 27 - HSBC USA Inc. priced $679,000 of 0% digital buffered notes due July 30, 2013 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the maximum return of 22%.
Investors will receive par if the index falls by up to 10% and will be exposed any losses beyond 10%.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Digital buffered notes
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Underlying index: | Russell 2000
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Amount: | $679,000
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Maturity: | July 30, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 22%; par if index falls by up to 10% and exposure to losses beyond 10%
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Initial index level: | 795.64
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Pricing date: | Jan. 25
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Settlement date: | Jan. 30
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 4042K1VZ3
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