By Angela McDaniels
Tacoma, Wash., Jan. 27 - HSBC USA Inc. priced $3 million of 2.25% global infrastructure opportunity notes due Feb. 5, 2018 linked to the S&P Global Infrastructure index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable annually.
If the index return is greater than 15.75%, the payout at maturity will be par plus the index return minus 15.75%. Otherwise, the payout will be par.
The final index level will be the average of its closing levels on Jan. 25, April 25, July 25 and Oct. 25 of each year during the life of the notes, beginning April 25, 2011.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Global infrastructure opportunity notes
|
| Underlying index: | S&P Global Infrastructure index
|
| Amount: | $3 million
|
| Maturity: | Feb. 5, 2018
|
| Coupon: | 2.25%, payable annually
|
| Price: | Par
|
| Payout at maturity: | Par plus 1% for every 1% that index return is greater than 15.75%, if any
|
| Initial index level: | 2,074.67
|
| Final index level: | Average of index's closing levels on Jan. 25, April 25, July 25 and Oct. 25 of each year
|
| Pricing date: | Jan. 25
|
| Settlement date: | Feb. 3
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.75%
|
| Cusip: | 4042K1CU5
|
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