By Jennifer Chiou
New York, July 28 - HSBC USA Inc. priced $1.83 million of buffered return optimization securities due July 31, 2013 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.25 times any index gain, up to a maximum return of 22%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered return optimization securities
|
| Underlying index: | S&P MidCap 400
|
| Amount: | $1,825,350
|
| Maturity date: | July 31, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any index gain, capped at 22%; exposure to losses beyond 10%
|
| Initial level: | 977.36
|
| Pricing date: | July 26
|
| Settlement date: | July 29
|
| Underwriters: | UBS Financial Services Inc and HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40433C676
|
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