New Issue: HSBC prices $74,000 more buffered uncapped market notes on the Dow

By Jennifer Chiou

New York, Oct. 29 - HSBC USA Inc. priced an additional $74,000 of 0% buffered uncapped market participation securities due Oct. 29, 2015 linked to the Dow Jones industrial average, adding to the original $3,059,000, according to a 424B2 with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	Dow Jones industrial average
Amount:	$3,133,000 (upsized from $3,059,000)
Maturity date:	Oct. 29, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to 15%; 1% loss for every 1% index decline beyond 15%
Initial index level:	13,077.34
Pricing and upsize date:	Oct. 24
Settlement date:	Oct. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	3%
Cusip:	4042K16B4

© 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.