By Susanna Moon
Chicago, Feb. 23 - HSBC USA Inc. priced $268,000 of 0% buffered Accelerated Market Participation Securities due May 24, 2011 based on the performance of the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 23%.
Investors will receive par if the shares fall by up to 10% and will be exposed to any decline beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Accelerated Market Participation Securities
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Underlying fund: | iShares Dow Jones U.S. Real Estate index fund
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Amount: | $268,000
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Maturity: | May 24, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, capped at 23%; exposure to losses beyond 10%
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Initial level: | $45.42
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Pricing date: | Feb. 19
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Settlement date: | Feb. 24
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.5%
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Cusip: | 4042K0N84
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