By Susanna Moon
Chicago, April 28 - HSBC USA Inc. priced $3.23 million of 0% buffered return optimization securities due April 30, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.
The payout at maturity will be par of $10 plus 1.25 times any index gain, up to a maximum return of 23.4%.
Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond 15%.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered return optimization securities
|
| Underlying index: | Russell 2000
|
| Amount: | $3,233,470
|
| Maturity date: | April 30, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any index gain, capped at 23.4%; exposure to losses beyond 15%
|
| Initial level: | 853.04
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Underwriters: | UBS Financial Services Inc and HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40433C882
|
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