By E. Janene Geiss
Philadelphia, May 27 - HSBC USA Inc. priced $1.43 million of 0% buffered Accelerated Market Participation Securities due Nov. 30, 2012 based on the performance of the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain on the price of the index fund, up to a maximum return of 20.5%.
Investors are fully exposed to any decline of the index fund.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying index: | iShares MSCI Emerging Markets index fund
|
| Amount: | $1,433,000
|
| Maturity: | Nov. 30, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any gain on the index fund, capped at 20.5%; exposure to any losses
|
| Initial fund price: | $46.66
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 4042K1HT3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
