By Laura Lutz
Des Moines, June 28 - HSBC USA Inc. priced a $5,729,520 issue of 0% performance securities with partial protection due June 30, 2010 linked to a basket of four indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of equal weights of the Nikkei 225 index, the Hang Seng China Enterprises index, the Kospi 200 index and the MSCI Singapore index.
If the basket performance is positive, investors will receive par plus 119.2% of the return on the basket. If the basket declines by up to 20%, the payout will be par. Investors will lose 1% for each 1% that the basket declines beyond 20%.
UBS Financial Services, Inc. and HSBC USA Inc. are the underwriters.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance securities with partial protection
|
| Amount: | $5,729,520
|
| Underlying indexes: | Equal weights of the Nikkei 225 index, the Hang Seng China Enterprises index, the Kospi 200 index and the MSCI Singapore index
|
| Maturity: | June 30, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 119.2% of return on basket if basket performance is positive; par if basket loses up to 20%; share in losses beyond 20%
|
| Pricing date: | June 25
|
| Settlement date: | June 29
|
| Underwriters: | UBS Financial Services, Inc.; HSBC USA Inc.
|
| Fees: | 2.5%
|
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