By Susanna Moon
Chicago, Nov. 29 - HSBC USA Inc. priced $1.6 million of 0% leveraged buffered uncapped market participation securities due Nov. 27, 2015 linked to a basket comprising an index and a fund, according to a 424B2 with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with an 80% weight and the iShares MSCI EAFE index fund with a 20% weight.
The payout at maturity will be par plus 1.41 times any basket gain.
Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
|
| Underlying basket: | S&P 500 index (80%) and iShares MSCI EAFE index fund (20%)
|
| Amount: | $1.6 million
|
| Maturity date: | Nov. 27, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.41 times any basket gain; par if index falls by up to 20%; 1% loss for every 1% index decline beyond 20%
|
| Initial levels: | 1,398.94 for S&P, $54.13 for EAFE fund
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.5%
|
| Cusip: | 40432X4K4
|
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