Published on 1/21/2011 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $820,000 averaging notes on S&P Global Infrastructure
By Susanna Moon
Chicago, Jan. 21 - HSBC USA Inc. priced $820,000 of 0% averaging notes with minimum return due Jan. 24, 2018 based on the performance of the S&P Global Infrastructure index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, with a minimum return of 15%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Averaging notes with minimum return
|
| Underlying index: | S&P Global Infrastructure index
|
| Amount: | $820,000
|
| Maturity: | Jan. 24, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any index gain, floor of 15%
|
| Initial index level: | 2,075.99
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 24
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.5%
|
| Cusip: | 4042K1BQ5
|
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