By Susanna Moon
Chicago, Nov. 1 - HSBC USA Inc. priced $2.78 million of 0% buffered return optimization securities due Oct. 31, 2014 linked to 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 of $10.00 plus double any gain in the fund price, up to a maximum return of 23%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered return optimization securities
|
| Underlying fund: | iShares MSCI Emerging Markets index fund
|
| Amount: | $2,777,770
|
| Maturity: | Oct. 31, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 23%; par for losses up to 10%; 1% loss for every 1% drop beyond 10%
|
| Initial level: | $41.24
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40433T802
|
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