By Angela McDaniels
Tacoma, Wash., July 30 - HSBC USA Inc. priced $1.84 million of 0% performance securities with contingent protection due July 31, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 128.4% of the index return.
If the index return is between 0% and negative 50%, the payout will be par.
If the index return is less than negative 50%, the payout will be par plus the index return.
UBS Financial Services Inc. and HSBC USA Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance securities with contingent protection
|
| Underlying index: | S&P 500
|
| Amount: | $1,844,940
|
| Maturity: | July 31, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 128.4% of any positive index return; par if index return is between 0% and negative 50%; par plus index return if index return is less than negative 50%
|
| Initial index level: | 979.62
|
| Pricing date: | July 28
|
| Settlement date: | July 31
|
| Agents: | UBS Financial Services Inc. and HSBC USA Inc.
|
| Fees: | 3.5%
|
© 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.
