By Jennifer Chiou
New York, July 28 - HSBC USA Inc. priced $1.83 million of buffered return optimization securities due July 31, 2013 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.25 times any index gain, up to a maximum return of 22%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.
Issuer: | HSBC USA Inc.
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Issue: | Buffered return optimization securities
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Underlying index: | S&P MidCap 400
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Amount: | $1,825,350
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Maturity date: | July 31, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.25 times any index gain, capped at 22%; exposure to losses beyond 10%
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Initial level: | 977.36
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Pricing date: | July 26
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Settlement date: | July 29
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Underwriters: | UBS Financial Services Inc and HSBC Securities (USA) Inc.
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Fees: | 2%
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Cusip: | 40433C676
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