By Angela McDaniels
Tacoma, Wash., Oct. 28 - HSBC USA Inc. priced $9.61 million of 0% return optimization securities with contingent protection due Oct. 31, 2012 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any fund gain, subject to a maximum return of 33.3%.
If the fund return is between 0% and negative 25%, the payout will be par.
If the fund return is less than negative 25%, the payout will be par plus the fund return.
UBS Financial Services Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return optimization securities with contingent protection
|
| Underlying ETFs: | iShares MSCI Emerging Markets index fund
|
| Amount: | $9,611,760
|
| Maturity: | Oct. 31, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 1.5 times any fund gain, up to maximum return of 33.3%; par if fund falls by 25% or less; par plus fund return if fund falls by more than 25%
|
| Initial share price: | $46.50
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 29
|
| Agent: | UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 40432R534
|
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