By Jennifer Chiou
New York, Nov. 28 - HSBC USA Inc. priced $1.4 million of 0% buffered Accelerated Market Participation Securities due May 22, 2013 linked to the spot price of gold, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the gold price, subject to a cap of 22%.
Investors will receive par if the price of gold falls by up to 10% and will be exposed to declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying asset: | Gold
|
| Amount: | $1.4 million
|
| Maturity: | May 22, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any gain, up to maximum return of 22%; par if gold falls by 10% or less; 1% loss for every 1% fund declines beyond 10%
|
| Initial price: | $1,699
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1%
|
| Cusip: | 4042K1SM6
|
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