New Issue: HSBC prices $565,000 buffered AMPS linked to basket of indexes, fund

By Toni Weeks

San Diego, Nov. 22 - HSBC USA Inc. priced $565,000 of 0% buffered Accelerated Market Participation Securities due Nov. 25, 2014 linked to a basket of two indexes and one index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket components are the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE index fund.

The payout at maturity will be par plus 150% of any gain in the index, subject to a cap of 40.5%.

Investors will receive par if the basket falls by up to 20% and will be exposed to declines beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying components:	S&P 500 index, Russell 2000 index, iShares MSCI EAFE index fund
Amount:	$565,000
Maturity date:	Nov. 25, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain, capped at 40.5%; par for drop in basket of up to 20%, with exposure to losses beyond 20%
Initial levels:	1,215.65 for S&P 500, 719.42 for Russell and $49.40 for iShares MSCI
Pricing date:	Nov. 18
Settlement date:	Nov. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	2.15%
Cusip:	4042K1SE4

© 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.