By Toni Weeks
San Diego, March 30 - HSBC USA Inc. priced $3.78 million of buffered return optimization securities due March 28, 2013 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and HSBC Securities (USA) are the underwriters.
The payout at maturity will be par of $10 plus 1.25 times any gain in the fund, up to a maximum return of 21.75%.
Investors will receive par if the fund falls by up to 15% and will be exposed to any losses beyond 15%.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered return optimization securities
|
| Underlying component: | MSCI Emerging Markets index fund
|
| Amount: | $3,782,380
|
| Maturity date: | March 28, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any gain in the fund, capped at 21.75%; exposure to losses beyond 15%
|
| Initial price: | $47.08
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Underwriters: | UBS Financial Services Inc and HSBC Securities (USA)
|
| Fees: | 2%
|
| Cusip: | 40433C403
|
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