By Toni Weeks
San Diego, Oct. 18 - HSBC USA Inc. priced $1.15 million of 0% digital-plus performance securities due Oct. 22, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 70% barrier level, the payout at maturity will be par plus the greater of any index gain and the 18% minimum upside return.
Otherwise, investors will be fully exposed to all losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Digital-plus performance securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1.15 million
|
| Maturity: | Oct. 22, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is at or above 70% barrier level, par plus greater of any index gain and 18%; full exposure to losses if index falls more than 30%
|
| Initial level: | 2,569.83
|
| Barrier level: | 70% of initial level
|
| Pricing date: | Oct. 17
|
| Settlement date: | Oct. 22
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 4042K16E8
|
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