By Angela McDaniels
Tacoma, Wash., Sept. 27 - HSBC USA Inc. priced $1.69 million of 0% buffered Accelerated Market Participation Securities due March 28, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any increase in the index, subject to a maximum return of 21%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
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 index: | Russell 2000
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Amount: | $1.69 million
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Maturity: | March 28, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, up to maximum return of 21%; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial index level: | 648.84
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Pricing date: | Sept. 23
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Settlement date: | Sept. 28
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2.35%
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Cusip: | 4042K05M3
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