By Jennifer Chiou
New York, Nov. 26 - HSBC USA Inc. priced $1.72 million of 0% equity buffer notes due Dec. 28, 2009 linked to an index and fund basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of equal weights of the S&P 500 index, the Russell 2000 index and iShares MSCI EAFE index fund.
The payout at maturity will be par plus any basket gain, capped at 18.5%.
If the basket level falls by up to 15%, the payout will be par. Investors will lose 1% for each 1% basket decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Equity buffer notes
|
| Underlying indexes: | Equal weights of the S&P 500 index, the Russell 2000 index and iShares MSCI EAFE index fund
|
| Amount: | $1.72 million
|
| Maturity: | Dec. 28, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, capped at 18.5%; par for basket decline by up to 15%; 1% loss for each 1% basket drop beyond 15%
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
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