Published on 6/25/2010 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $39,000 of 15-month AMPS linked to Russell 2000 index
By Susanna Moon
Chicago, June 25 - HSBC USA Inc. priced $39,000 of 0% Accelerated Market Participation Securities due Sept. 28, 2011 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 27%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $39,000
|
| Maturity: | Sept. 28, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 27%; exposure to any losses
|
| Initial index level: | 644.25
|
| Pricing date: | June 23
|
| Settlement date: | June 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 4042K02K0
|
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