Published on 11/26/2012 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $419,000 averaging notes due 2018 linked to three indexes
By Susanna Moon
Chicago, Nov. 26 - HSBC USA Inc. priced $419,000 of 0% averaging notes due Nov. 27, 2018 linked to a basket of three equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes are the Dow Jones industrial average, the Euro Stoxx 50 index and the Taiwan Stock Exchange Capitalization Weighted Stock index.
The payout at maturity will be par plus any basket gain.
If the basket falls, the payout will be par.
Each index's final level will be the average of its closing levels on the 24 quarterly observation dates.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Averaging notes
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Underlying indexes: | Dow Jones industrial average, Euro Stoxx 50 index and Taiwan Stock Exchange Capitalization Weighted Stock index, equally weighted
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Amount: | $419,000
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Maturity: | Nov. 27, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus basket return, floor of par
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Initial index levels: | 12,836.89 for Dow, 2,519.68 for Euro Stoxx and 7,088.49 for Taiwan index
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Final index levels: | For each index, average of its closing levels on 24 quarterly observation dates
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Pricing date: | Nov. 21
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Settlement date: | Nov. 27
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | 4.025%
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Cusip: | 40432X2N0
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