By Toni Weeks
San Diego, Sept. 7 - HSBC USA Inc. priced $1.19 million of 0% return enhanced notes due Sept. 19, 2012 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 plus double any index gain, up to a maximum return of 22.2%.
Investors will share in any losses.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1.19 million
|
| Maturity: | Sept. 19, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 22.2%; full exposure to losses
|
| Initial index level: | 1,173.97
|
| Pricing date: | Sept. 2
|
| Settlement date: | Sept. 8
|
| Underwriter: | HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC as agent
|
| Fees: | 1%
|
| Cusip: | 4042K1MX8
|
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