Published on 9/27/2010 in the Prospect News Structured Products Daily.
New Issue: HSBC USA prices $159,000 AMPS linked to iShares FTSE/Xinhua China 25
By Jennifer Chiou
New York, Sept. 27 - HSBC USA Inc. priced $159,000 of 0% Accelerated Market Participation Securities due Dec. 29, 2011 linked to the iShares FTSE/Xinhua China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index fund gain, subject to a maximum return of 24.5%. Investors will share in any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying index fund: | iShares FTSE/Xinhua China 25
|
| Amount: | $159,000
|
| Maturity: | Dec. 29, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index fund gain, up to maximum return of 24.5%; investors share in losses
|
| Initial index fund level: | $41.89
|
| Pricing date: | Sept. 23
|
| Settlement date: | Sept. 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 4042K05F8
|
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