By Angela McDaniels
Tacoma, Wash., March 27 - HSBC USA Inc. priced $4.65 million of 0% performance barrier notes due Aug. 31, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Hang Seng China Enterprises index, the MSCI Taiwan index, the Hang Seng index and the MSCI Singapore Free index.
If the basket return is greater than zero, the payout at maturity will be par plus 145% of the basket return. Investors will receive par if the basket declines by 25% or less and will be fully exposed to the basket decline if it falls by more than 25%.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance barrier notes
|
| Underlying indexes: | Hang Seng China Enterprises, MSCI Taiwan, Hang Seng and MSCI Singapore Free, equally weighted
|
| Amount: | $4.65 million
|
| Maturity: | Aug. 31, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 145% of basket return if basket return is greater than zero; par if basket declines by 25% or less; full exposure to basket's decline from its initial level if it falls by more than 25%
|
| Pricing date: | March 25
|
| Settlement date: | March 28
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2.75%
|
| Cusip: | 40432XCG4
|
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