By Marisa Wong
Madison, Wis., Dec. 13 - HSBC USA Inc. priced $735,000 of 0% trigger digital optimization securities due Dec. 16, 2013 linked to a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket includes the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi.
If the basket return is zero or positive, the payout at maturity will be par of $10 plus a digital return of 32.5%.
If the basket level declines by 20% or less, the payout will be par.
If the basket level declines by more than 20%, the payout will be par plus the basket return.
HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the placement agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger digital optimization securities
|
| Underlying currencies: | Brazilian real, Russian ruble, Indian rupee and Chinese renminbi
|
| Amount: | $735,000
|
| Maturity: | Dec. 16, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is zero or positive, par plus 32.5%; if basket falls by 20% or less, par; otherwise, par plus basket return
|
| Initial spot rates: | 1.8130 for real; 31.5958 for ruble; 52.2285 for rupee; 6.3352 for renminbi
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 14
|
| Agents: | HSBC Securities (USA) Inc. as underwriter and UBS Financial Services Inc. as dealer
|
| Fees: | 2%
|
| Cusip: | 40433C114
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
