Published on 7/26/2011 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $308,000 global performance notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., July 26 - HSBC USA Inc. priced $308,000 of 0% global performance securities due July 31, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Euro Stoxx 50 index, the Hang Seng index and the S&P 500 index.
The payout at maturity will be par plus the basket return, subject to a minimum payout of $950 and a maximum payout of $1,820 per $1,000 principal amount of notes.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Global performance securities
|
| Underlying indexes: | Euro Stoxx 50, Hang Seng and S&P 500, equally weighted
|
| Amount: | $308,000
|
| Maturity: | July 31, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return, subject to minimum payout of $950 and maximum payout of $1,820 per $1,000 principal amount of notes
|
| Initial index levels: | 2,772.60 for Euro Stoxx; 22,444.80 for Hang Seng; 1.345.02 for S&P 500
|
| Pricing date: | July 22
|
| Settlement date: | July 29
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.5%
|
| Cusip: | 4042K1KE2
|
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