By Jennifer Chiou
New York, July 17 - HSBC USA Inc. priced $2.055 million of equity buffer notes due July 21, 2010 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, investors will receive par plus 106% of any increase in the fund's share price. Investors will receive par for losses up to 15% and will lose 1% for each 1% the share price declines beyond 15%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Equity buffer notes
|
| Underlying asset: | iShares MSCI Emerging Markets index fund
|
| Amount: | $2.055 million
|
| Maturity: | July 21, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 106% of any increase in the fund's share price; par for losses up to 15%; investors will lose 1% for each 1% the share price declines beyond 15%
|
| Initial value: | $141.32
|
| Pricing date: | July 16
|
| Settlement date: | July 19
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
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