By Susanna Moon
Chicago, March 7 - HSBC USA Inc. priced $1 million of 0% Accelerated Market Participation Securities due June 10, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 18%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Accelerated Market Participation Securities
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Underlying index: | S&P 500
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Amount: | $1 million
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Maturity date: | June 10, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 18%; exposure to any losses
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Initial level: | 1,364.33
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Pricing date: | March 5
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Settlement date: | March 8
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.5%
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Cusip: | 4042K1YG2
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