New Issue: HSBC prices $11.51 million PLUS linked to S&P 500 index

By Marisa Wong

Madison, Wis., Feb. 4 - HSBC USA Inc. priced $11.51 million of 0% Performance Leveraged Upside Securities due March 5, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum return of 11%.

Investors will be exposed to any losses.

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 index:	S&P 500
Amount:	$11,510,780
Maturity:	March 5, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 11%; exposure to any losses
Initial level:	1,782.59
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Smith Barney LLC handling distribution
Fees:	2%
Cusip:	40434B511

© 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.