New Issue: HSBC prices $1.82 million leveraged outperformance notes linked to platinum, gold

By Angela McDaniels

Tacoma, Wash., Jan. 30 - HSBC USA Inc. priced $1.82 million of 0% leveraged outperformance notes due Jan. 31, 2014 linked to platinum and gold, according to a 424B2 filing with the Securities and Exchange Commission.

The reference return will be the return of platinum minus the return of gold.

If the reference return is positive, the payout at maturity will be par plus 300% of the reference return, subject to a maximum return of 37%. If the reference return is negative, investors will be fully exposed to the decline.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged outperformance notes
Underlying commodities:	Platinum and gold
Amount:	$1,815,000
Maturity:	Jan. 31, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If reference return is positive, par plus 300% of reference return, subject to maximum return of 37%; if reference return is negative, full exposure to decline; reference return equals return of platinum minus return of gold
Initial commodity prices:	$1,615 for platinum and $1,727 for gold
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	4042K1VQ3

© 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.