Published on 10/1/2012 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $11.81 million Accelerated Return Notes tied to MSCI Brazil
By Susanna Moon
Chicago, Oct. 1 - HSBC USA Inc. priced $11.81 million of 0% Accelerated Return Notes due Nov. 27, 2013 linked to the MSCI Brazil index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 20.52%.
Investors will be exposed to any losses.
Bank of America Merrill Lynch will be the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | MSCI Brazil
|
| Amount: | $11,806,250
|
| Maturity: | Nov. 27, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 20.52%; exposure to any losses
|
| Initial level: | 2,699.50
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 4
|
| Underwriter: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 40433M211
|
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