By Marisa Wong
Madison, Wis., Oct. 29 - HSBC USA Inc. priced $1 million of 0% buffered market participation securities due Oct. 31, 2013 linked to the SPDR S&P Homebuilders exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, up to a maximum return of 14.1%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered market participation securities
|
| Underlying ETF: | SPDR S&P Homebuilders ETF
|
| Amount: | $1 million
|
| Maturity: | Oct. 31, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any fund gain, capped at 14.1%; par if shares fall by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial price: | $25.62
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 4042K17H0
|
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