By Angela McDaniels
Tacoma, Wash., July 27 - HSBC USA Inc. priced $4.5 million of 0% enhanced trigger jump securities due July 28, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least 70% of the initial index level, the payout at maturity will be par of $10 plus the greater of the index return and 49.6%.
If the final index level is less than 70% of the initial index level, investors will be fully exposed to the index's decline from its initial level.
HSBC Securities (USA) Inc. is the agent, and Morgan Stanley Smith Barney LLC is handling distribution.
| Issuer: | HSBC USA Inc.
|
| Issue: | Enhanced trigger jump securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $4.5 million
|
| Maturity: | July 28, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final index level is at least 70% of initial index level, par plus greater of index return and 49.6%; if final index level is less than 70% of initial index level, full exposure to index's decline from initial level
|
| Initial index level: | 2,159.09
|
| Pricing date: | July 25
|
| Settlement date: | July 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Distribution: | Morgan Stanley Smith Barney LLC
|
| Fees: | 3.5%
|
| Cusip: | 40433M419
|
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