By Susanna Moon
Chicago, Feb. 8 - HSBC USA Inc. priced $14.25 million of 0% return enhanced notes due Aug. 12, 2010 based on the Oil Service Holdrs Trust Depositary Receipts, according to a 424B2 filing with the Securities and Exchange Commission.
J.P. Morgan Securities Inc. is the agent.
The payout at maturity will be par plus triple any gain in the receipts, up to a maximum return of 19.85%.
Investors will be exposed to any losses.
Issuer: | HSBC USA Inc.
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Issue: | Return enhanced notes
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Underlying security: | Oil Service Holdrs Trust Depositary Receipts
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Amount: | $14.25 million
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Maturity: | Aug. 12, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any price gain, capped at 19.85%; exposure to losses
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Initial price: | $116.01
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Pricing date: | Feb. 5
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Settlement date: | Feb. 10
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Agent: | J.P. Morgan Securities Inc.
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Fees: | 1%
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Cusip: | 4042K0P74
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