By Laura Lutz
Des Moines, Jan. 29 - HSBC USA Inc. priced $2.02 million of 0% performance securities with partial protection due Jan. 31, 2012 linked to a basket of six indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Dow Jones Euro Stoxx 50 index with a 35% weight, the FTSE 100 index with a 25% weight, Nikkei 225 index with a 25% weight, the Swiss Market index with a 5% weight, the S&P ASX 200 index with a 5% weight and the MSCI Emerging Markets index with a 5% weight.
If the final index level is at least the initial level, the payout at maturity will be par plus any gain on the basket.
If the basket declines by up to 20%, the payout will be par. Investors will lose 1% for each 1% decline beyond 20%.
UBS Financial Services Inc. and HSBC USA Inc. are the underwriters.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance securities with partial protection
|
| Underlying basket: | Dow Jones Euro Stoxx 50 index with 35% weight, FTSE 100 index with 25% weight, Nikkei 225 index with 25% weight, Swiss Market index with 5% weight, S&P ASX 200 index with 5% weight and MSCI Emerging Markets index with 5% weight
|
| Amount: | $2,019,910
|
| Maturity: | Jan. 31, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final basket level is at least initial level, par plus basket gain; par if basket declines by up to 20%; investors lose 1% for each 1% decline beyond 20%
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 31
|
| Underwriters | UBS Financial Services Inc.; HSBC USA Inc.
|
| Fees: | 2.75%
|
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