Published on 6/27/2012 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.4 million buffered uncapped market notes on the Dow
By Jennifer Chiou
New York, June 27 - HSBC USA Inc. priced $1,403,000 of 0% buffered uncapped market participation securities due June 30, 2015 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 17% and will lose 1% for every 1% decline beyond the 17% buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered uncapped market participation securities
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Underlying index: | Dow Jones industrial average
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Amount: | $1,403,000
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Maturity: | June 30, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 17%; 1% for every 1% drop beyond buffer
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Initial level: | 12,502.66
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Pricing date: | June 25
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Settlement date: | June 28
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 3.2 %
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Cusip: | 4042K1P98
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