Published on 4/2/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $8.27 million PLUS due 2015 linked to S&P 500 index
By Jennifer Chiou
New York, April 2 - HSBC USA Inc. priced $8,267,700 of 0% Performance Leveraged Upside Securities due May 4, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 10.75%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $8,267,700
|
| Maturity date: | May 4, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 10.75%; exposure to any losses
|
| Initial level: | 1,872.34
|
| Pricing date: | March 31
|
| Settlement date: | April 3
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40434B123
|
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