By Marisa Wong
Madison, Wis., July 29 - HSBC USA Inc. priced $2.93 million of 0% performance securities with contingent protection due July 31, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 122.5% of the return.
If the index return is between zero and negative 50%, the payout will be par.
If the index return is less than negative 50%, the payout will be par plus the return.
UBS Financial Services Inc. and HSBC USA Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance securities with contingent protection
|
| Underlying index: | S&P 500
|
| Amount: | $2,931,510
|
| Maturity: | July 31, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 122.5% of any positive index return; par if index return is between zero and negative 50%; par plus index return if return is less than negative 50%
|
| Initial index level: | 1,113.84
|
| Pricing date: | July 27
|
| Settlement date: | July 30
|
| Agents: | UBS Financial Services Inc. and HSBC USA Inc.
|
| Fees: | 3.5%
|
| Cusip: | 40432R799
|
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