Published on 8/26/2010 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $319,000 13-month AMPS linked to Russell 2000 index
By Angela McDaniels
Tacoma, Wash., Aug. 26 - HSBC USA Inc. priced $319,000 of 0% Accelerated Market Participation Securities due Sept. 29, 2011 linked to 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, subject to a maximum return of 29.1%. Investors will be exposed to any index decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $319,000
|
| Maturity: | Sept. 29, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, up to maximum return of 29.1%; exposure to any index decline
|
| Initial index level: | 595.59
|
| Pricing date: | Aug. 24
|
| Settlement date: | Aug. 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.43332%
|
| Cusip: | 4042K04C6
|
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