Published on 12/29/2011 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $5.8 million return optimization securities tied to S&P 500
By E. Janene Geiss
Philadelphia, Dec. 29 - HSBC USA Inc. priced $5.8 million of 0% return optimization securities due Jan. 31, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of 18.9%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
Issuer: | HSBC USA Inc.
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Issue: | Return optimization securities
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Underlying index: | S&P 500
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Amount: | $5,798,950
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Maturity: | Jan. 31, 2013
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 18.9%; exposure to losses
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Initial index level: | 1,265.43
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Pricing date: | Dec. 27
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Settlement date: | Dec. 30
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Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
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Fees: | 2%
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Cusip: | 40433K843
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