By Marisa Wong
Madison, Wis., Jan. 23 - HSBC USA Inc. priced $2 million of 0% capped performance barrier notes due July 24, 2014 linked to the WisdomTree India Earnings fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to a maximum return of 29.5%.
Investors will receive par if the fund falls by up to 20% and will be fully exposed to losses if the fund drops below the 80% barrier level.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Capped performance barrier notes
|
| Underlying fund: | WisdomTree India Earnings fund
|
| Amount: | $2 million
|
| Maturity: | July 24, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, capped at 29.5%; par if fund share price falls by up to 20%; full exposure to losses if fund price drops below 80% barrier level
|
| Initial price: | $20.50
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 24
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.25%
|
| Cusip: | 40432XA76
|
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