Published on 3/26/2010 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $255,000 AMPS linked to iShares MSCI Emerging Markets fund
By Jennifer Chiou
New York, March 26 - HSBC USA Inc. priced $255,000 of 0% Accelerated Market Participation Securities due April 29, 2011 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum return of 24%.
Investors will share in any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying fund: | iShares MSCI Emerging Markets index fund
|
| Amount: | $255,000
|
| Maturity: | April 29, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain, capped at 24%; investors shares in losses
|
| Initial level: | $41.01
|
| Pricing date: | March 24
|
| Settlement date: | March 29
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 4042K0R72
|
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