By Angela McDaniels
Tacoma, Wash., Sept. 29 - HSBC USA Inc. priced $5.47 million of 0% return optimization securities with contingent protection due Sept. 28, 2012 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 of $10 plus 1.5 times any fund gain, subject to a maximum return of 34%.
If the fund return is between 0% and negative 30%, the payout will be par.
If the fund return is less than negative 30%, the payout will be par plus the fund return.
UBS Financial Services Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Return optimization securities with contingent protection
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Underlying ETFs: | iShares MSCI Emerging Markets index fund
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Amount: | $5,471,150
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Maturity: | Sept. 28, 2012
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 1.5 times any fund gain, up to maximum return of 34%; par if fund falls by 30% or less; par plus fund return if fund falls by more than 30%
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Initial share price: | $44.02
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Pricing date: | Sept. 27
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Settlement date: | Sept. 30
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Agent: | UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 40432R625
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