By E. Janene Geiss
Philadelphia, Oct. 27 - HSBC USA Inc. priced $389,000 million of 0% Accelerated Market Participation Securities due Jan. 30, 2012 linked to the iShares FTSE/Xinhua China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any increase in the price of the index fund, subject to a maximum return of 23.5%.
Investors will lose 1% for every 1% the share price declines from its initial price.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying index: | iShares FTSE/Xinhua China 25 index fund
|
| Amount: | $389,000
|
| Maturity: | Jan. 30, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any share price gain, up to maximum return of 23.5%; 1% loss for every 1% decline
|
| Initial share price: | $46.22
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 4042K06F7
|
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