By Susanna Moon
Chicago, July 30 - HSBC USA Inc. priced $608,000 of 0% buffered Accelerated Market Participation Securities due July 30, 2015 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 14%.
Investors will receive par if the shares fall by up to 10% and will be exposed to any losses beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying fund: | iShares MSCI EAFE index fund
|
| Amount: | $608,000
|
| Maturity date: | July 30, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 14%; par if shares fall by up to 10%; exposure to any losses beyond 10%
|
| Initial level: | $60.80
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.25%
|
| Cusip: | 40432XHT1
|
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