By Jennifer Chiou
New York, Aug. 13 - HSBC USA Inc. priced a total of $300,000 million more notes to add to the original $1 million of 0% performance notes due Aug. 16, 2013 linked to a basket of equally weighted currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The original tranche priced on Aug. 2, while $200,000 came in on Aug. 4 with $100,000 to follow on Aug. 13.
The underlying currencies are the Korean won, Indian rupee, Indonesian rupiah and Philippine peso.
The payout at maturity will be par plus 1.25 times any basket gain.
If the basket falls, the payout will be par.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance notes
|
| Underlying currencies: | Korean won, Indian rupee, Indonesian rupiah and Philippine peso, against dollar
|
| Amount: | $1.3 million (up from $1 million)
|
| Maturity: | Aug. 16, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any basket gain; floor of par
|
| Initial exchange rates: | 1,173.4 for won; 46.19 for rupee; 8,943 for rupiah; 45.388 for peso
|
| Pricing date: | Aug. 2 for $1 million; Aug. 4 for $200,000; Aug. 13 for $100,000
|
| Settlement date: | Aug. 17
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 4042K04T9
|
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