By Tali Rackner
Norfolk, Va., July 1 – HSBC USA Inc. priced $2.53 million of 0% Performance Leveraged Upside Securities due Oct. 5, 2016 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the fund, up to a maximum return of 16%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | HSBC USA Inc.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying fund: | Energy Select Sector SPDR
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| Amount: | $2,533,190
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| Maturity: | Oct. 5, 2016
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 300% of any fund gain, capped at $11.60 per note; exposure to any losses
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| Initial level: | $75.16
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | HSBC Securities (USA) Inc.
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 40434G148
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