Published on 11/24/2010 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $250,000 15-month AMPS tied to iShares FTSE/Xinhua China 25
By Marisa Wong
Madison, Wis., Nov. 24 - HSBC USA Inc. priced $250,000 of 0% Accelerated Market Participation Securities due Feb. 27, 2012 based on the performance of the iShares FTSE/Xinhua China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any increase in the index fund share price, up to a maximum return of 25%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Accelerated Market Participation Securities
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Underlying index fund: | iShares FTSE/Xinhua China 25
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Amount: | $250,000
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Maturity: | Feb. 27, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index fund gain, capped at 25%; exposure to losses
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Initial share price: | $44.48
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Pricing date: | Nov. 22
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Settlement date: | Nov. 26
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2%
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Cusip: | 4042K07L3
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