Published on 7/23/2007 in the Prospect News Structured Products Daily.
New Issue: HSBC USA prices $3.161 million enhanced market participation notes linked to S&P 500
By Jennifer Chiou
New York, July 23 - HSBC USA Inc. priced $3.161 million of 0% enhanced market participation notes due Aug. 25, 2008 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, investors will receive par plus double any index return, capped at 21.2%. Investors will share in any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Enhanced market participation notes
|
| Underlying index: | S&P 500
|
| Amount: | $3.161 million
|
| Maturity: | Aug. 25, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index return, capped at 21.2%; investors will share in any losses
|
| Initial index level: | 1,534.10
|
| Pricing date: | July 20
|
| Settlement date: | July 25
|
| Underwriter: | HSBC USA Inc.
|
| Fees: | 0.1%
|
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