By Susanna Moon
Chicago, June 9 - HSBC USA Inc. priced $19.56 million of zero-coupon 90% principal-protected emerging markets-linked notes due June 12, 2013 linked to four funds, according to a 424B2 filing with the Securities and Exchange Commission.
The funds are the iShares MSCI Emerging Markets index fund, the iShares MSCI Brazil index fund, the iShares FTSE/Xinhua China 25 index fund and the iShares S&P Latin American 40 index fund.
The payout at maturity will be par plus 95% of any gain in the worst-performing fund.
Investors will lose 1% for each 1% decline in the worst-performing fund, subject to a minimum payout equal to 90% of par.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | 90% principal-protected emerging markets-linked notes
|
| Underlying funds: | iShares MSCI Emerging Markets index fund, the iShares MSCI Brazil index fund, the iShares FTSE/Xinhua China 25 index fund and the iShares S&P Latin American 40 index fund
|
| Amount: | $19,555,000
|
| Maturity: | June 12, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 95% of any gain in worst-performing fund; 1% loss for each 1% decline of up to 10%; floor of 90% of par
|
| Initial levels: | $33.65 for MSCI Emerging Markets, $55.86 for MSCI Brazil, $39.11 for FTSE/Xinhua China and $36.09 for S&P Latin American
|
| Pricing date: | June 5
|
| Settlement date: | June 12
|
| Agent: | HSBC Securities (USA) Inc
|
| Fees: | 4.35%
|
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