New Issue: HSBC sells $5.8 million return optimization securities tied to S&P 500

By E. Janene Geiss

Philadelphia, Dec. 29 - HSBC USA Inc. priced $5.8 million of 0% return optimization securities due Jan. 31, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of 18.9%.

Investors will be exposed to any losses.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Return optimization securities
Underlying index:	S&P 500
Amount:	$5,798,950
Maturity:	Jan. 31, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 18.9%; exposure to losses
Initial index level:	1,265.43
Pricing date:	Dec. 27
Settlement date:	Dec. 30
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40433K843

© 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.