New Issue: HSBC prices $2.83 million bearish return optimization securities linked to Dow industrials

New York, July 30 - HSBC USA Inc. priced $2.83 million of 0% bearish return optimization securities due Sept. 30, 2009 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par of $10 plus 5% for each 1% decline in the index, up to a maximum return of 16.8%.

Investors will receive par if the index gains up to 10% and will lose 1% for each 1% gain beyond 10%.

UBS Financial Services and HSBC USA Inc. are the underwriters.

Issuer:	HSBC USA Inc.
Issue:	Bearish return optimization securities
Underlying index:	Dow Jones Industrial Average
Amount:	$2,829,650
Maturity:	Sept. 30, 2009
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times the absolute value of any index decline, capped at 16.8%; par if index gains up to 10%; loss of 1% for each 1% gain beyond 10%.
Initial index level:	11,131.08
Pricing date:	July 28
Settlement date:	July 31
Underwriters:	UBS Financial Services, HSBC USA Inc.
Fees:	1.5%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.