By Toni Weeks
San Luis Obispo, Calif., Feb. 27 - HSBC USA Inc. priced $1.5 million of 0% buffered digital notes due Aug. 28, 2015 linked to a basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 60% weight and the Euro Stoxx 50 index with a 40% weight.
If the final basket level is greater than or equal to the initial level, the payout at maturity will be par plus 4.5%. Investors will receive par if the basket declines by 15% or less and will lose 1% for every 1% that the basket declines beyond 15%.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered digital notes
|
| Underlying basket: | S&P 500 index (60% weight) and Euro Stoxx 50 index (40% weight)
|
| Amount: | $1.5 million
|
| Maturity: | Aug. 28, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final basket level is greater than or equal to initial level, par plus 4.5%; par if basket declines by 15% or less; 1% loss for every 1% that basket declines beyond 15%
|
| Initial index levels: | 1,845.12 for S&P 500, 3,157.48 for Euro Stoxx 50
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 1.25%
|
| Cusip: | 40432XU58
|
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