By Susanna Moon
Chicago, Jan. 29 - HSBC USA Inc. priced $2.12 million of 0% buffered Accelerated Market Participation Securities due July 30, 2014 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 double any gain in the index, up to a maximum return of 13%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $2,115,000
|
| Maturity: | July 30, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 13%; par if index declines by 10% or less; 1% loss for every 1% drop beyond 10%
|
| Initial level: | 905.24
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40432X6K2
|
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