New Issue: HSBC prices $10.13 million optimization securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 29 - HSBC USA Inc. priced $10.13 million of 0% optimization securities with contingent protection due March 30, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than 9%, the payout at maturity will be par of $10 plus the lesser of the index return and 20%. If the index return is between 9% and negative 20%, the payout at maturity will be par plus 9%. If the index return is less than negative 20%, the payout will be par plus the index return.

UBS Financial Services Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Optimization securities with contingent protection
Underlying index:	S&P 500
Amount:	$10,133,960
Maturity:	March 30, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is greater than 9%, par plus lesser of index return and 20%; if index return is between 9% and negative 20%, par plus 9%; if index return is less than negative 20%, par plus index return
Initial index level:	1,142.16
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	UBS Financial Services Inc.
Fees:	2%
Cusip:	40432R633

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.