Published on 8/14/2012 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.26 million contingent buffered enhanced notes linked to 11 stocks
By Angela McDaniels
Tacoma, Wash., Aug. 14 - HSBC USA Inc. priced $1.26 million of 0% contingent buffered enhanced notes due Aug. 28, 2013 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of Apple Inc., Coach, Inc., Google Inc., Mead Johnson Nutrition Co., Mylan Inc., Las Vegas Sands Corp., Starbucks Corp., Starwood Hotels & Resorts Worldwide, Inc., Tiffany & Co., Wynn Resorts, Ltd. and YUM! Brands, Inc.
If the final basket level is at least 80% of the initial basket level, the payout at maturity will be par plus the basket return, subject to a minimum return of 0% and a maximum return of 21%.
If the final basket level is less than 80% of the initial basket level, investors will be fully exposed to the basket's decline from the initial level.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as dealer.
| Issuer: | HSBC USA Inc.
|
| Issue: | Contingent buffered enhanced notes
|
| Underlying stocks: | Apple Inc., Coach, Inc., Google Inc., Mead Johnson Nutrition Co., Mylan Inc., Las Vegas Sands Corp., Starbucks Corp., Starwood Hotels & Resorts Worldwide, Inc., Tiffany & Co., Wynn Resorts, Ltd. and YUM! Brands, Inc., equally weighted
|
| Amount: | $1,255,000
|
| Maturity: | Aug. 28, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final basket level is at least 80% of initial basket level, par plus basket return, subject to minimum return of 0% and maximum return of 21%; otherwise, full exposure to basket's decline from initial level
|
| Pricing date: | Aug. 10
|
| Settlement date: | Aug. 15
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Dealer: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 4042K13G6
|
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