By E. Janene Geiss
Philadelphia, Jan. 15 - HSBC USA Inc. priced $3.22 million 0% buffered enhanced market participation notes due Feb. 22, 2010 linked to shares of the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be par plus quadruple any index gain, up to a maximum return of 25.5%.
Investors will receive par if the index declines by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered enhanced market participation notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,221,000
|
| Maturity: | Feb. 22, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus quadruple any index gain, capped at 25.5%; par if the index declines by up to 10%; 1.1111% loss for each 1% decline beyond 10%
|
| Initial index level: | 842.62
|
| Pricing date: | Jan. 14
|
| Settlement date: | Jan. 20
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
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