By Jennifer Chiou
New York, Jan. 15 - HSBC USA Inc. priced $2.34 million of 0% buffered enhanced market participation securities due March 25, 2015 linked to the S&P 500 index with an 80% weight and the iShares MSCI EAFE index fund with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 107% of any basket gain.
Investors will receive par if the basket declines by up to 20% and will lose 1% for each 1% drop beyond 20%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered enhanced market participation securities
|
Underlying assets: | S&P 500 index (80% weight) and the iShares MSCI EAFE index fund (20% weight)
|
Amount: | $2.34 million
|
Maturity: | March 25, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 107% of any gain on the basket; par if index drops by up to 20%; 1% loss for each 1% drop beyond 20%
|
Initial level: | 1,165.81 for index; $55.57 for fund
|
Pricing date: | March 22
|
Settlement date: | March 25
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 3.5%
|
Cusip: | 4042K0T70
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.