New Issue: HSBC prices $917,000 buffered AMPS tied to iShares MSCI EAFE fund

By Jennifer Chiou

New York, Dec. 27 - HSBC USA Inc. priced $917,000 of 0% buffered Accelerated Market Participation Securities due June 26, 2014 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the fund, subject to a maximum return of 16%. Investors will receive par if the fund share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying ETF:	iShares MSCI EAFE index fund
Amount:	$917,000
Maturity:	June 26, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any fund gain, capped at 16%; par if fund declines by 10% or less; 1% loss for every 1% drop beyond 10%
Initial price:	$56.52
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Agent:	HSBC Securities (USA) Inc.
Fees:	Up to 0.5%
Cusip:	40432X3Y5

© 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.