By Susanna Moon
Chicago, July 13 - HSBC USA Inc. priced $1.1 million of 0% buffered uncapped market participation securities due Jan. 8, 2015 linked to the Dow Jones Industrial Average, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered uncapped market participation securities
|
| Underlying index: | Dow Jones Industrial Average
|
| Amount: | $1.1 million
|
| Maturity: | Jan. 8, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 120% of index gain; par if the index falls by up to 20%; 1% loss per 1% drop beyond 20%
|
| Initial index level: | 12,505.76
|
| Pricing date: | July 11
|
| Settlement date: | July 14
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 4042K1LF8
|
© 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.
