By Angela McDaniels
Tacoma, Wash., Oct. 15 - HSBC USA Inc. priced $5 million of 0% buffered Accelerated Market Participation Securities with lookback feature due Nov. 16, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level will be the lowest official closing level of the index from Oct. 10 through Oct. 23.
The payout at maturity will be par plus double any gain in the index, up to a 13% maximum return. 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 with lookback feature
|
| Underlying index: | S&P 500
|
| Amount: | $5 million
|
| Maturity: | Nov. 16, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any gain in index, up to 13% maximum return; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
|
| Initial index level: | Lowest official closing level of index from Oct. 10 through Oct. 23
|
| Pricing date: | Oct. 10
|
| Settlement date: | Oct. 16
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40432XMJ7
|
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