By Toni Weeks
San Luis Obispo, Calif., Feb. 26 - HSBC USA Inc. priced $5 million of 0% Performance Leveraged Upside Securities due Feb. 26, 2015 linked to the WisdomTree India Earnings fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund's final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 500% of the fund return, subject to a 30.25% cap. If the final share price is less than the initial share price, investors will be fully exposed to the decline.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Smith Barney LLC handling distribution.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying fund: | WisdomTree India Earnings fund
|
| Amount: | $5 million
|
| Maturity: | Feb. 26, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus five times any fund gain, up to a maximum return of 30.25%; full exposure to any losses
|
| Initial price: | $19.02
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| Pricing date: | Feb. 22
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| Settlement date: | Feb. 27
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Smith Barney LLC as distributor
|
| Fees: | 2%
|
| Cusip: | 40433T273
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