By Susanna Moon
Chicago, March 29 - HSBC USA Inc. priced $5.98 million of 0% buffered return optimization securities due April 30, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 13.05%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
HSBC Securities (USA) Inc. will be the underwriter, with UBS Financial Services Inc. as the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered return optimization securities
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Underlying index: | Russell 2000
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Amount: | $5,979,590
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Maturity: | April 30, 2013
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, capped at 13.05%; par for declines up to 10%; 1% loss for every 1% drop beyond 10%
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Initial level: | 834.45
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Pricing date: | March 28
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Settlement date: | March 30
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Underwriter: | HSBC Securities (USA) Inc. with agent UBS Financial Services Inc.
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Fees: | 1.75%
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Cusip: | 40433K215
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