By Susanna Moon
Chicago, April 11 - HSBC USA Inc. priced $11.46 million of 0% equity buffer notes due April 30, 2009 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 65% weight and the MSCI EAFE index with a 35% weight.
Payout at maturity will be par plus triple any basket gain, capped at 15.2%.
If the basket level falls by up to 10%, the payout will be par. Investors will lose 1.11% for each 1% basket decline beyond 10%.
HSBC Securities (USA) Inc. will be the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Equity buffer notes
|
| Underlying indexes: | S&P 500 (65% weight) and MSCI EAFE (35% weight)
|
| Amount: | $11.46 million
|
| Maturity: | April 30, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any basket gain, capped at 15.2%; par for basket decline by up to 10%; 1.11% loss for each 1% basket drop beyond 10%
|
| Pricing date: | April 8
|
| Settlement date: | April 15
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
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