By Susanna Moon
Chicago, June 25 - HSBC USA Inc. priced $1.06 million of 0% buffered Accelerated Market Participation Securities due Sept. 28, 2011 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 21.5%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $1,062,000
|
| Maturity: | Sept. 28, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 21.5%; exposure to any decline beyond 10%
|
| Initial index level: | 644.25
|
| Pricing date: | June 23
|
| Settlement date: | June 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 4042K02N4
|
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