New Issue: HSBC prices $722,000 buffered performance plus notes linked to Dow

By Angela McDaniels

Tacoma, Wash., Feb. 29 - HSBC USA Inc. priced $722,000 of 0% buffered performance plus securities due Aug. 27, 2015 linked to the Dow Jones industrial average index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to zero, the payout at maturity will be par plus the greater of the index return and 16%. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered performance plus securities
Underlying index:	Dow Jones industrial average
Amount:	$722,000
Maturity date:	Aug. 27, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of 16% and index return if index return is greater than or equal to zero; par if index falls by up to 20%; 1% loss for every 1% that index declines beyond 20%
Initial index level:	12,981.51
Pricing date:	Feb. 27
Settlement date:	Feb. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	3.45%
Cusip:	4042K1XM0

© 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.