By Toni Weeks
San Diego, May 24 - HSBC USA Inc. priced $1.83 million of 0% buffered Accelerated Market Participation Securities due Nov. 27, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any gain in the index, subject to a maximum return of 20%.
Investors will receive par if the index falls by up to 10% and will be exposed to declines beyond the 10% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $1,828,000
|
| Maturity date: | Nov. 27, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 20%; par for declines in the index of up to 10%; exposure to losses beyond 10%
|
| Initial level: | 759.63
|
| Pricing date: | May 22
|
| Settlement date: | May 25
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.1%
|
| Cusip: | 4042K1J61
|
© 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.
