By Susanna Moon
Chicago, June 16 - HSBC USA Inc. priced $2.88 million 0% enhanced market participation notes due July 15, 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 plus triple any index gain, up to cap of 23%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Enhanced market participation notes
|
| Underlying index: | S&P 500
|
| Amount: | $2.88 million
|
| Maturity: | July 15, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, capped at 23%; exposure to losses
|
| Initial level: | 946.21
|
| Pricing date: | June 12
|
| Settlement date: | June 17
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.8%
|
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