By Angela McDaniels
Tacoma, Wash., Feb. 25 - HSBC USA Inc. priced $929,000 of 0% return optimization securities with contingent protection due Feb. 28, 2013 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Hang Seng China Enterprises index with a 33.34% weight, the Hang Seng index with a 33.33% weight and the MSCI Singapore index with a 33.33% weight.
The payout at maturity will be par of $10 plus 1.5 times any basket gain, subject to a maximum return of 49.7%.
If the basket return is between 0% and negative 40%, the payout will be par.
If the basket return is less than negative 40%, the payout will be par plus the basket return.
UBS Financial Services Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return optimization securities with contingent protection
|
| Underlying indexes: | Hang Seng China Enterprises (33.34% weight), Hang Seng (33.33% weight) and MSCI Singapore (33.33% weight)
|
| Amount: | $929,000
|
| Maturity: | Feb. 28, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.5 times any basket gain, up to maximum return of 49.7%; par if basket falls by 40% or less; par plus basket return if basket falls by more than 40%
|
| Initial index levels: | 11,619.68 for Hang Seng China Enterprises, 20,623.00 for Hang Seng and 333.63 for MSCI Singapore
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 26
|
| Underwriter: | UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 4042EP180
|
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