By Jennifer Chiou
New York, July 16 - HSBC USA Inc. priced $39.277 million of equity buffer notes due July 20, 2012 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, investors will receive par plus 111% of any index return.
Investors will receive par for losses up to 20% and will lose 1% for each 1% the index declines beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Equity buffer notes
|
| Underlying asset: | iShares MSCI Emerging Markets index fund
|
| Amount: | $39.277 million
|
| Maturity: | July 20, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 111% of any index return; par if the index loses up to 20%; investors will lose 1% for each 1% the index declines beyond 20%
|
| Initial price: | $142.75
|
| Pricing date: | July 13
|
| Settlement date: | July 20
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
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