By Jennifer Chiou
New York, March 31 - HSBC USA Inc. priced $10.67 million of 0% performance securities with partial protection due March 31, 2015 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and HSBC USA Inc. are the agents.
The basket includes the S&P BRIC 40 index with a 75% weight, the Korea Stock Price index 200 with a 15% weight and the MSCI Taiwan index with a 10% weight.
If the basket return is positive, the payout at maturity will be par of $10 plus 105.8% of the return.
Investors will receive par for losses up to 20% and will share in losses beyond 20%.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance securities with partial protection
|
| Underlying assets: | S&P BRIC 40 index (75% weight), Korea Stock Price index 200 (15% weight) and the MSCI Taiwan index (10% weight)
|
| Amount: | $10,665,350
|
| Maturity: | March 31, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 105.8% of any basket gain; investors will receive par for losses up to 20% and will share in losses beyond 20%
|
| Initial levels: | S&P BRIC 40 index at 2,502.35, Korea Stock Price index at 221.60 and the MSCI Taiwan index at 283.50
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Agents: | UBS Financial Services Inc. and HSBC USA Inc.
|
| Fees: | 3.5%
|
| Cusip: | 4042EP123
|
© 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.
