By Susanna Moon
Chicago, March 30 - HSBC USA Inc. priced $10.86 million of 0% buffered Performance Leveraged Upside Securities due April 3, 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 of $10.00 plus double any gain in the fund price, up to a maximum return of $13.18 per note.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the underwriter, and Morgan Stanley Smith Barney LLC will handle distribution.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying fund: | iShares MSCI EAFE index fund
|
| Amount: | $10,857,030
|
| Maturity: | April 3, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 31.8%; par if shares fall by 10% or less; 1% loss for each 1% decline beyond 10%
|
| Initial share price: | $54.42
|
| Pricing date: | March 29
|
| Settlement date: | April 3
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Distribution: | Morgan Stanley Smith Barney LLC
|
| Fees: | 2.25%
|
| Cusip: | 40433K264
|
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