New Issue: HSBC prices $3.13 million one-year PLUS with cap linked to Russell 2000

By Susanna Moon

Chicago, May 2 - HSBC USA Inc. priced $3.13 million of 0% Performance Leveraged Upside Securities due June 5, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 13.75%.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:	HSBC USA Inc.
Issue:	Performance Leveraged Upside Securities
Underlying index:	Russell 2000
Amount:	$3,126,230
Maturity:	June 5, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 13.75%; exposure to any losses
Initial level:	1,126.857
Pricing date:	April 30
Settlement date:	May 5
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Smith Barney LLC handling distribution
Fees:	2%
Cusip:	40434C733

© 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.