By Jennifer Chiou
New York, Jan. 15 - HSBC USA Inc. priced $2.34 million of 0% buffered enhanced market participation securities due March 25, 2013 linked to the S&P 500 index with an 80% weight and the iShares MSCI EAFE index fund with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 80% of any basket gain.
Investors will receive par if the basket declines by up to 20% and will lose 1% for each 1% drop beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered enhanced market participation notes
|
| Underlying assets: | S&P 500 index (80% weight) and the iShares MSCI EAFE index fund (20% weight)
|
| Amount: | $2.34 million
|
| Maturity: | March 25, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 80% of any gain on the basket; par if index drops by up to 20%; 1% loss for each 1% drop beyond 20%
|
| Initial levels: | 1,165.81 for index; $55.57 for fund
|
| Pricing date: | March 22
|
| Settlement date: | March 25
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 4042K0T88
|
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