New Issue: HSBC prices $186,000 million buffered AMPS linked to index basket

By Jennifer Chiou

New York, Jan. 24 - HSBC USA Inc. priced $186,000 million of 0% buffered Accelerated Market Participation Securities due Jan. 30, 2017 linked to a basket of three equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the S&P 500 index, the Russell 2000 index and the MSCI EAFE index.

The payout at maturity will be par plus 1.25 times any gain in the basket, up to a maximum return of 56%.

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 indexes:	S&P 500, Russell 2000 and MSCI EAFE, equally weighted
Amount:	$186,000
Maturity date:	Jan. 30, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any index gain, return capped at 56%; par for declines of up to 15%; exposure to losses beyond 15%
Initial levels:	1,485.98 for S&P 500, 892.80 for Russell and 1,654.54 for MSCI EAFE
Pricing date:	Jan. 18
Settlement date:	Jan. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	2.75%
Cusip:	40432X6X4

© 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.