Published on 5/25/2010 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $527,000 market participation notes linked to three indexes
By Marisa Wong
Milwaukee, May 25 - HSBC USA Inc. priced $527,000 of 0% market participation notes due May 27, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket includes the Dow Jones Euro Stoxx 50 index, the Hang Seng index and the S&P 500 index.
The payout at maturity will be par plus the basket return, subject to a minimum payout of par and a maximum payout of 145% of par.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Market participation securities
|
| Underlying indexes: | Dow Jones Euro Stoxx 50, Hang Seng and S&P 500, equally weighted
|
| Amount: | $527,000
|
| Maturity: | May 27, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return, subject to minimum payout of par and maximum payout of 145% of par
|
| Initial levels: | 2,558.27 for Euro Stoxx 50; 19,667.76 for Hang Seng; 1,073.65 for S&P 500
|
| Pricing date: | May 24
|
| Settlement date: | May 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.75%
|
| Cusip: | 4042K0W84
|
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