By Susanna Moon
Chicago, April 29 – HSBC USA Inc. priced $1.12 million of 0% leveraged buffered uncapped market participation securities due April 30, 2021 tied to the Powershares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 115% of any fund gain.
Investors will receive par if the fund falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
|
| Underlying fund: | Powershares S&P 500 Low Volatility Portfolio ETF
|
| Amount: | $1,122,000
|
| Maturity: | April 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.15 times any fund gain; par if fund falls by up to 20%; 1% loss for every 1% decline beyond 20%
|
| Initial price: | $39.97
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Underwriters: | HSBC Securities (USA) Inc.
|
| Fees: | 3.75%
|
| Cusip: | 40433UKN5
|
|
|
|
|
© 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.
