By Marisa Wong
Madison, Wis., April 19 - HSBC USA Inc. priced $1.4 million of 0% buffered Accelerated Market Participation Securities due Oct. 22, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 9.12%.
Investors will receive par if the index falls by up to 15% and will be exposed to any decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Accelerated Market Participation Securities
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Underlying index: | Russell 2000
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Amount: | $1.4 million
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Maturity date: | Oct. 22, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, return capped at 9.12%; par if index falls by 15% or more; exposure to losses beyond 15%
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Initial level: | 906.80
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Pricing date: | April 17
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Settlement date: | April 22
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1%
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Cusip: | 40432XEC1
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