By Susanna Moon
Chicago, Oct. 30 - HSBC USA Inc. priced $1.15 million of 0% performance barrier notes due May 1, 2017 linked to a basket of five equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes are the Hang Seng China Enterprises index, the Korea Composite Stock Price index 200, the MSCI Taiwan index, the Hang Seng index and the MSCI Singapore Free index.
The payout at maturity will be par plus 121% of any basket gain.
Investors will receive par if the basket falls by up to 25% and will be fully exposed to any losses if the basket finishes below the 75% trigger level.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance barrier notes
|
| Underlying indexes: | Hang Seng China Enterprises index, the Korea Composite Stock Price index 200, the MSCI Taiwan index, the Hang Seng index and the MSCI Singapore Free index, equally weighted
|
| Amount: | $1.15 million
|
| Maturity: | May 1, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 121% of any basket gain; par if basket declines by 25% or less; full exposure to any losses if basket drops below trigger level
|
| Trigger level: | 75% of initial level
|
| Pricing date: | Oct. 28
|
| Settlement date: | Oct. 31
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2.75%
|
| Cusip: | 40432XME8
|
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