By Susanna Moon
Chicago, March 29 - HSBC USA Inc. priced $5.98 million of 0% buffered return optimization securities due April 30, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 13.05%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
HSBC Securities (USA) Inc. will be the underwriter, with UBS Financial Services Inc. as the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered return optimization securities
|
| Underlying index: | Russell 2000
|
| Amount: | $5,979,590
|
| Maturity: | April 30, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 13.05%; par for declines up to 10%; 1% loss for every 1% drop beyond 10%
|
| Initial level: | 834.45
|
| Pricing date: | March 28
|
| Settlement date: | March 30
|
| Underwriter: | HSBC Securities (USA) Inc. with agent UBS Financial Services Inc.
|
| Fees: | 1.75%
|
| Cusip: | 40433K215
|
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