New Issue: HSBC prices $2.41 million buffered return optimization securities linked to S&P 500

By Toni Weeks

San Diego, July 31 - HSBC USA Inc. priced $2.41 million of 0% buffered return optimization securities due July 31, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, subject to a maximum return of 23%.

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

HSBC Securities (USA) Inc. will be the underwriter with UBS Financial Services Inc. as agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered return optimization securities
Underlying index:	S&P 500
Amount:	$2,407,590
Maturity:	July 31, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any gain in the index, subject to maximum return of 23%; par if index declines by up to 10%; exposure to losses beyond 10%
Initial level:	1,360.02
Pricing date:	July 26
Settlement date:	July 31
Underwriter:	HSBC Securities (USA) Inc. with UBS Financial Services Inc. as agent
Fees:	2%
Cusip:	40433M443

© 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.