By Toni Weeks
San Diego, Nov. 6 - HSBC USA Inc. priced $1.73 million of 0% buffered notes due Nov. 7, 2016 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 plus the index return.
Investors will receive par if the index falls by up to 30% and will lose 1.428571% for each 1% decline beyond 30%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.73 million
|
| Maturity: | Nov. 7, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls by 30% or more; 1.428571% loss per 1% drop beyond 30%
|
| Initial level: | 1,414.20
|
| Buffer level: | 70% of initial level
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 7
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 4042K17C1
|
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