New York, Dec. 7 – HSBC USA Inc. priced $249,000 of 0% buffered accelerated market participation securities due Dec. 4, 2017 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any stock gain, up to a maximum return of par plus 30.5%.
Investors will receive par if the stock falls by up to 10% and will be exposed to any decline beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered accelerated market participation securities
|
Underlying stock: | Apple Inc. (Nasdaq: AAPL)
|
Amount: | $249,000
|
Maturity: | Dec. 4, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 150% of any stock gain, capped at 30.5%; exposure to losses beyond 10%
|
Initial level: | $118.3
|
Pricing date: | Nov. 30
|
Settlement date: | Dec. 3
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | None
|
Cusip: | 40433UDH6
|
|
|
© 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.