By Susanna Moon
Chicago, April 27 - HSBC USA Inc. priced $3.25 million of 0% buffered return optimization securities due April 30, 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 plus double any gain in the fund, up to a maximum return of 27.02%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent, and UBS Financial Services Inc. is the dealer.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered return optimization securities
|
| Underlying fund: | iShares MSCI Emerging Markets index Fund
|
| Amount: | $3,250,620
|
| Maturity: | April 30, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 27.02%; par if shares fall by 10% or less; 1% loss per 1% drop beyond 10%
|
| Initial level: | $42.00
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agents: | HSBC Securities (USA) Inc. and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 40433K140
|
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