Published on 5/30/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3.65 million return optimization notes linked to iShares MSCI Emerging Markets
By Angela McDaniels
Tacoma, Wash., May 30 - HSBC USA Inc. priced $3.65 million of 0% return optimization securities due June 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 plus three times any gain in the fund, up to a maximum return of 13.16%. Investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as dealer.
Issuer: | HSBC USA Inc.
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Issue: | Return optimization securities
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Underlying ETF: | iShares MSCI Emerging Markets index fund
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Amount: | $3,648,110
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Maturity: | June 30, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any gain in the fund, up to a maximum return of 13.61%; full exposure to losses
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Initial price: | $42.50
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Pricing date: | May 28
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Settlement date: | May 31
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Underwriter: | HSBC Securities (USA) Inc.
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Dealer: | UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 40433X761
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