By E. Janene Geiss
Philadelphia, Aug. 27 - HSBC USA Inc. priced $5 million of 0% return optimization securities due Aug. 29, 2011 linked to the iShares FTSE/Xinhua China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus five times the fund return, subject to a maximum return of 60%.
Investors are fully exposed to any decline of the fund.
UBS Financial Services Inc. and HSBC USA Inc. are the underwriters.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return optimization securities
|
| Underlying ETF: | iShares FTSE/Xinhua China 25 index fund
|
| Amount: | $5 million
|
| Maturity: | Aug. 29, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus five times any positive fund return, up to maximum return of 60%; full exposure to any decline
|
| Initial share price: | $40.76
|
| Pricing date: | Aug. 25
|
| Settlement date: | Aug. 28
|
| Underwriters: | UBS Financial Services Inc. and HSBC USA Inc.
|
| Fees: | 2%
|
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