New Issue: HSBC prices $1.9 million buffered market participation notes linked to S&P

By Angela McDaniels

Tacoma, Wash., Oct. 28 - HSBC USA Inc. priced $1.9 million of 0% buffered uncapped market participation securities due Oct. 29, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	S&P 500
Amount:	$1,899,000
Maturity date:	Oct. 29, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to 20%; 1% loss for every 1% that index declines beyond 20%
Initial index level:	1,752.07
Pricing date:	Oct. 24
Settlement date:	Oct. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40432XM57

© 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.