New Issue: HSBC prices $2.91 million PLUS due 2017 with cap linked to Russell 2000

By Susanna Moon

Chicago, June 17 – HSBC USA Inc. priced $2.91 million of 0% Performance Leveraged Upside Securities due Oct. 4, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum return of 18.43%.

Investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	HSBC USA Inc.
Issue:	Performance Leveraged Upside Securities
Underlying index:	Russell 2000
Amount:	$2,911,500
Maturity:	Oct. 4, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 18.43%; exposed to any losses
Initial level:	1,149.302
Pricing date:	June 15
Settlement date:	June 20
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	1.75%
Cusip:	40434V699

© 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.