Published on 4/30/2012 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $16.94 million 14-month Accelerated Return Notes tied to MSCI EAFE
By Susanna Moon
Chicago, April 30 - HSBC USA Inc. priced $16.94 million of 0% Accelerated Return Notes due June 28, 2013 linked to the MSCI EAFE index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 22.8%.
Investors will be exposed to any losses.
Bank of America Merrill Lynch will be the agent.
Issuer: | HSBC USA Inc.
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Issue: | Accelerated Return Notes
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Underlying index: | MSCI EAFE
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Amount: | $16,935,930
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Maturity: | June 28, 2013
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Coupon: | 0%
|
Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 22.8%; exposure to any losses
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Initial level: | 1,513.11
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Pricing date: | April 26
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Settlement date: | May 3
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Underwriter: | Bank of America Merrill Lynch
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Fees: | 2%
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Cusip: | 40433K249
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