By Susanna Moon
Chicago, Jan. 26 - HSBC USA Inc. priced $525,000 of 0% buffered Accelerated Market Participation Securities due April 27, 2012 based on the performance of the iShares MSCI Brazil index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 19%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying fund: | iShares MSCI Brazil index fund
|
| Amount: | $525,000
|
| Maturity: | April 27, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 19%; 1% loss per 1% drop beyond 10%
|
| Initial level: | $75.98
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 4042K1BY8
|
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