By Angela McDaniels
Tacoma, Wash., Sept. 26 - HSBC USA Inc. priced $545,000 of 0% buffered Accelerated Market Participation Securities due March 27, 2014 linked to the iShares MSCI Emerging Markets
index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any increase in the exchange-traded fund's share price, subject to a maximum return of 13.5%. Investors will receive par if the 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 Emerging Markets index fund
|
| Amount: | $545,000
|
| Maturity: | March 27, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any ETF gain, capped at 13.5%; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10%
|
| Initial share price: | $54.35
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 4042K13V3
|
© 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.
