New Issue: HSBC prices $586,000 buffered performance plus notes linked to S&P 500

By Toni Weeks

San Diego, Nov. 27 - HSBC USA Inc. priced $586,000 of 0% buffered performance plus securities due May 27, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of any gain and the minimum upside return of 8%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered performance plus securities
Underlying index:	S&P 500
Amount:	$586,000
Maturity date:	May 27, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return, floor of 8%; par if index falls by up to 10%; 1% loss for every 1% index decline beyond 10%
Initial index level:	1,391.03
Pricing date:	Nov. 21
Settlement date:	Nov. 27
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40432X2E0

© 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.