Published on 12/23/2011 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $794,000 buffered market participation notes linked to Dow
By Angela McDaniels
Tacoma, Wash., Dec. 23 - HSBC USA Inc. priced $794,000 of 0% buffered uncapped market participation securities due June 2, 2015 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain. Investors will receive par if the index declines by 22% or less and will lose 1% for every 1% that the index declines beyond 22%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered uncapped market participation securities
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Underlying index: | Dow Jones industrial average
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Amount: | $794,000
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Maturity date: | June 25, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 22%; 1% loss for every 1% index declines beyond 22%
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Initial index level: | 12,107.74
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Pricing date: | Dec. 21
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Settlement date: | Dec. 27
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 3.4%
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Cusip: | 4042K1TF0
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