By Marisa Wong
Morgantown, W.Va., Jan. 3 – HSBC USA Inc. priced $3.41 million of 0% bear Performance Leveraged Upside Securities due Dec. 27, 2019 linked inversely to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple the absolute value of any index decline, up to a maximum payment of $13.90 per PLUS.
Investors will lose 1% for each 1% index gain, with a minimum payout of zero.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | HSBC USA Inc.
|
| Issue: | Bear Performance Leveraged Upside Securities
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $3.41 million
|
| Maturity: | Dec. 27, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple the absolute value of any index decline, up to a maximum payment of $13.90 per PLUS; investors will lose 1% for each 1% index gain, with a minimum payout of zero
|
| Initial level: | 6,465.166
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 28
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.5%
|
| Cusip: | 40435J661
|
|
|
© 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.
