By Marisa Wong
Madison, Wis., Oct. 20 - HSBC USA Inc. priced $6 million of buffered notes due Oct. 24, 2012 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
Each note pays a coupon of $63 at maturity.
If the fund return is greater than negative 20%, the payout at maturity will be par. Investors will lose 1% for every 1% decline beyond the 20% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered notes
|
| Underlying ETF: | iShares MSCI EAFE index fund
|
| Amount: | $6 million
|
| Maturity: | Oct. 24, 2012
|
| Coupon: | $63 per note, payable at maturity
|
| Price: | Par
|
| Payout at maturity: | If fund gains or falls by up to 20%, par; 1% loss for every 1% drop beyond buffer
|
| Initial levels: | $52.12 for iShares MSCI EAFE
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 21
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.25%
|
| Cusip: | 4042K1QQ9
|
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