By Jennifer Chiou
New York, March 27 - HSBC USA Inc. priced $2.2 million of 0% best-of performance securities due March 30, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 35%, the payout at maturity will be par plus the greater of the 18.15% minimum upside return and the index return.
If the index return is less than negative 35%, investors will be fully exposed to the index's decline from the initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Best-of performance securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2.2 million
|
| Maturity: | March 30, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus greater of the 18.15% minimum upside return and the index return if return is greater than or equal to negative 35%; otherwise, full exposure to decline
|
| Initial index level: | 2,525.43
|
| Pricing date: | March 23
|
| Settlement date: | March 28
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 4042K1ZW6
|
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