By Susanna Moon
Chicago, May 26 - HSBC USA Inc. priced $3 million of 0% return optimization securities due Nov. 29, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 19.5%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and HSBC USA Inc. are the underwriters.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return optimization securities
|
| Underlying index: | S&P 500
|
| Amount: | $3 million
|
| Maturity: | Nov. 29, 2010
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus two times any index gain, capped at 19.5%; exposure to losses
|
| Initial index level: | 888.33
|
| Pricing date: | May 21
|
| Settlement date: | May 27
|
| Underwriters: | UBS Financial Services Inc. and HSBC USA Inc.
|
| Fees: | 1.75%
|
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