Published on 5/30/2012 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $171.82 million notes linked to MSCI Daily Total Return
By Susanna Moon
Chicago, May 30 - HSBC USA Inc. priced $171.82 million 0% notes due June 14, 2013 linked to the MSCI Daily Total Return Net World index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par the index return, with exposure to any losses.
HSBC Securities (USA) Inc. is the underwriter. J.P. Morgan Securities LLC is the distributor.
Issuer: | HSBC USA Inc.
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Issue: | Notes
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Underlying index: | MSCI Daily Total Return Net World index
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Amount: | $171,823,000
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Maturity: | June 14, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index return, with exposure to losses
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Initial index level: | 3,000.541
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Pricing date: | May 25
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Settlement date: | May 31
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Underwriter: | HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC (distributor)
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Fees: | 1%
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Cusip: | 4042K1P49
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