By Susanna Moon
Chicago, Oct. 26 - HSBC USA Inc. priced $679,000 of 0% buffered uncapped market participation securities due Oct. 29, 2014 linked to the iShares MSCI EAFE index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the fund.
Investors will receive par if the shares fall by up to 17% and will lose 1% for each 1% decline beyond 17%.
HSBC Securities (USA) Inc. will act as agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered uncapped market participation securities
|
| Underlying fund: | iShares MSCI EAFE index fund
|
| Amount: | $679,000
|
| Maturity: | Oct. 29, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any fund gain; par if shares fall by 17% or less; 1% loss per 1% drop beyond 17%
|
| Initial level: | $52.86
|
| Pricing date: | Oct. 24
|
| Settlement date: | Oct. 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.2%
|
| Cusip: | 4042K1PS6
|
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