By Susanna Moon
Chicago, March 19 - HSBC USA Inc. priced $621,000 of 0% buffered Accelerated Market Participation Securities due March 22, 2016 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 31%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 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: | $621,000
|
| Maturity date: | March 22, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, return capped at 31%; par for losses of up to 10%; 1% loss per 1% drop beyond 10%
|
| Initial level: | 952.48
|
| Pricing date: | March 15
|
| Settlement date: | March 22
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.15%
|
| Cusip: | 40432XC25
|
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