Published on 6/23/2010 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.47 million return optimization notes on Dow Industrials via UBS
By Marisa Wong
Milwaukee, June 23 - HSBC USA Inc. priced $1.47 million of 0% return optimization securities due June 26, 2014 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 84%. Investors will share fully in any losses.
UBS Financial Services Inc. and HSBC USA Inc. are the underwriters.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return optimization securities
|
| Underlying index: | Dow Jones Industrial Average
|
| Amount: | $1,473,000
|
| Maturity: | June 26, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 84%; full exposure to losses
|
| Initial level: | 10,442.41
|
| Pricing date: | June 21
|
| Settlement date: | June 24
|
| Underwriters: | UBS Financial Services Inc. and HSBC USA Inc.
|
| Fees: | 3%
|
| Cusip: | 40432R856
|
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