By Marisa Wong
Madison, Wis., April 25 - HSBC USA Inc. priced $914,000 of 0% leveraged buffered uncapped market participation securities due April 28, 2015 linked to the S&P 500 Low Volatility index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.15 times any index gain.
Investors will receive par if the index falls by up 20% and will lose 1% for every 1% decline beyond 20%.
The S&P 500 Low Volatility index measures the performance of the 100 least volatile stocks in the S&P 500 index.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
|
| Underlying index: | S&P 500 Low Volatility index
|
| Amount: | $914,000
|
| Maturity: | April 28, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.15 times any index gain; par if index falls by up 20%; 1% loss for every 1% decline beyond 20%
|
| Initial level: | 4,261.69
|
| Pricing date: | April 23
|
| Settlement date: | April 26
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.2%
|
| Cusip: | 4042K1E41
|
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