By Marisa Wong
Madison, Wis., April 19 - HSBC USA Inc. priced $1.4 million of 0% buffered Accelerated Market Participation Securities due Oct. 22, 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 1.5 times any gain in the index, up to a maximum return of 9.12%.
Investors will receive par if the index falls by up to 15% and will be exposed to any decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $1.4 million
|
| Maturity date: | Oct. 22, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, return capped at 9.12%; par if index falls by 15% or more; exposure to losses beyond 15%
|
| Initial level: | 906.80
|
| Pricing date: | April 17
|
| Settlement date: | April 22
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1%
|
| Cusip: | 40432XEC1
|
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