By Marisa Wong
Morgantown, W.Va., Sept. 23 – HSBC USA Inc. priced $2.8 million of 0% jump securities due March 3, 2016 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 20%. If the final share price is less than the initial share price, investors will have one-to-one exposure to the decline.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | HSBC USA Inc.
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| Issue: | Jump securities
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| Underlying fund: | Market Vectors Gold Miners ETF
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| Amount: | $2.8 million
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| Maturity: | March 3, 2016
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus 20%; if final share price is less than initial share price, full exposure to decline
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| Initial share price: | $14.00
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| Pricing date: | Sept. 21
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| Settlement date: | Sept. 24
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| Agent: | HSBC Securities (USA) Inc.
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| Distribution: | Morgan Stanley Wealth Management
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| Fees: | 1.75%
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| Cusip: | 40434K792
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