New Issue: HSBC prices $2.22 million buffered market participation notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 27 - HSBC USA Inc. priced $2.22 million of 0% buffered market participation securities due June 30, 2016 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 lesser of the index return and 40%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%, if any.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered market participation securities
Underlying index:	S&P 500
Amount:	$2,221,000
Maturity date:	June 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, subject to maximum return of 40%; par if index falls by up to 15%; 1% loss for every 1% that index declines beyond 15%, if any
Initial index level:	1,588.03
Pricing date:	June 25
Settlement date:	June 28
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40432XGT2

© 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.