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Published on 3/30/2009 in the Prospect News Structured Products Daily.

New Issue: HSBC sells $696,000 global opportunity notes linked to index basket

By Susanna Moon

Chicago, March 30 - HSBC USA Inc. priced $696,000 of 0% global opportunity notes due Sept. 30, 2014 linked to a basket of equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the S&P 500, Nikkei 225 and Dow Jones Euro Stoxx 50.

The payout at maturity will be par plus any basket gain, up to a maximum return of 45%.

Investors will receive at least par.

HSBC Securities (USA) Inc. will be the agent.

Issuer:HSBC USA Inc.
Issue:Global opportunity notes
Underlying indexes:S&P 500, Nikkei 225 and Dow Jones Euro Stoxx 50 indexes, equally weighted
Amount:$696,000
Maturity:Sept. 30, 2014
Coupon:0%
Price:Par
Payout at maturity:Par plus any basket gain, capped at 45%; floor of par
Initial index levels:832.86 for S&P, 8,636.33 for Nikkei and 2,156.97 for Euro Stoxx
Pricing date:March 26
Settlement date:March 31
Agent:J.P. Morgan Securities Inc.
Fees:3%

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