New Issue: HSBC prices $15.57 million PLUS linked to S&P 500 index

By Jennifer Chiou

New York, July 2 - HSBC USA Inc. priced $15,568,000 of 0% Performance Leveraged Upside Securities due Aug. 4, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 200% of any index gain, up to a maximum return of 13%.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter with Morgan Stanley Smith Barney LLC as agent.

Issuer:	HSBC USA Inc.
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$15,568,000
Maturity:	Aug. 4, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 13%; exposure to any losses
Initial level:	1,606.28
Pricing date:	June 28
Settlement date:	July 3
Underwriter:	HSBC Securities (USA) Inc. with Morgan Stanley Smith Barney LLC
Fees:	2%
Cusip:	40433X589

© 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.