By Marisa Wong
Madison, Wis., Nov. 6 - HSBC USA Inc. priced $1.19 million of 0% digital return knock-out buffer notes due Nov. 18, 2013 linked to the Polish zloty relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency falls by more than 14.5%, the payout at maturity will be par plus the return, with exposure to any losses.
Otherwise, the payout will be par plus the digital return of 10%.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Digital return knock-out buffer notes
|
| Underlying currency: | Polish zloty
|
| Amount: | $1.19 million
|
| Maturity: | Nov. 18, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus return, with exposure to any losses, if the currency falls by more than 14.5%; otherwise, par plus 10%
|
| Initial rate: | 3.1961
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 9
|
| Agents: | HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 40432X2X8
|
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