By Angela McDaniels
Tacoma, Wash., Aug. 30 - HSBC USA Inc. priced $5.5 million of 0% return optimization securities with contingent protection due Aug. 31, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain, subject to a maximum return of 33.82%.
If the index return is between zero and negative 25%, the payout will be par.
If the index return is less than negative 25%, the payout will be par plus the index return.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return optimization securities with contingent protection
|
| Underlying index: | S&P 500
|
| Amount: | $5,491,880
|
| Maturity: | Aug. 31, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, up to maximum return of 33.82%; par if index falls by 25% or less; full exposure to decline if index falls by more than 25%
|
| Initial index level: | 1,047.22
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40432R724
|
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