New Issue: HSBC prices $10.22 million buffered PLUS linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 21 – HSBC USA Inc. priced $10.22 million of 0% buffered Performance Leveraged Upside Securities due June 22, 2022 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus double the index return, subject to a maximum return of 66.42%. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that it may decline beyond 25%.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	HSBC USA Inc.
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$10,217,200
Maturity:	June 22, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to 66.42% maximum return; par if index drops 25% or less; 1% loss for every 1% that index declines beyond 25%
Initial index level:	2,071.22
Pricing date:	June 17
Settlement date:	June 22
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	3.5%
Cusip:	40434V657

© 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.