By Marisa Wong
Madison, Wis., Jan. 19 - HSBC USA Inc. priced $5 million of 0% Accelerated Market Participation Securities due Jan. 17, 2013 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The return of the index will be adjusted by the exchange rate between the British pound sterling and the dollar.
If the dollar-adjusted index return is positive, the payout at maturity will be par plus five times the index gain, subject to a maximum return of 37%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying index: | FTSE 100
|
| Amount: | $5 million
|
| Maturity: | Jan. 17, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 500% of any positive dollar-adjusted return, capped at 37%; full exposure to losses
|
| Initial level: | 9,529.49
|
| Pricing date: | Jan. 14
|
| Settlement date: | Jan. 20
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 4042K1CJ0
|
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