By Angela McDaniels
Tacoma, Wash., Aug. 9 - HSBC USA Inc. priced $5 million of 0% Accelerated Market Participation Securities due Aug. 9, 2012 linked to the FTSE 100 index as adjusted by the dollar/British pound sterling exchange rate, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level and the final index level will each be multiplied by the then-current dollar/pound exchange rate.
The payout at maturity will be par plus five times any index gain, subject to a maximum return of 40%. Investors will be exposed to any index decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying index: | FTSE 100 as adjusted by dollar/pound exchange rate
|
| Amount: | $5 million
|
| Maturity: | Aug. 9, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus five times any index gain, up to maximum return of 40%; exposure to any index decline
|
| Initial index level: | 8,504.22; equal to closing level of index on pricing date multiplied by dollar/pound spot rate on that day
|
| Pricing date: | Aug. 5
|
| Settlement date: | Aug. 10
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 4042K0Y74
|
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