By Jennifer Chiou
New York, Dec. 28 - HSBC USA Inc. priced $2.03 million of 0% buffered Accelerated Market Participation Securities due June 27, 2013 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 26.5%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying fund: | iShares MSCI Emerging Markets index fund
|
| Amount: | $2,026,000
|
| Maturity date: | June 27, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 26.5%; par if shares fall by 10% or less; 1% loss for every 1% drop beyond 10%
|
| Initial price: | $38.35
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.6%
|
| Cusip: | 4042K1TP8
|
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