By E. Janene Geiss
Philadelphia, May 30 - HSBC USA Inc. priced a $9.29 million issue of 0% return optimization securities with partial protection due Nov. 30, 2009 linked to the MSCI EAFE index, according to a filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.
If the index return is zero or positive, the payout at maturity will be par of $10 plus double any index gain, capped at a maximum total return of 19.8%.
If the index declines by 10% or less, investors will receive par and will share in losses if the index declines beyond 10%.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return optimization securities
|
| Underlying index: | MSCI EAFE
|
| Amount: | $9,285,530
|
| Maturity: | Nov. 30, 2009
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus double any gain on the index, capped at maximum return of 19.8%; investors will receive par for losses up to 10% and will share in losses beyond 10%
|
| Initial index level: | 2,135.58
|
| Pricing date: | May 27
|
| Settlement date: | May 30
|
| Underwriters: | UBS Financial Services and HSBC Securities (USA) Inc.
|
| Fees: | 1.75%
|
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