By Marisa Wong
Madison, Wis., Feb. 4 - HSBC USA Inc. priced $3.76 million of 0% Buffered Performance Leveraged Upside Securities due Aug. 5, 2016 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any fund gain, up to a maximum return of 27%.
If the fund falls by up to 10%, the payout will be par.
Investors will be exposed to any fund decline beyond 10%.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Smith Barney LLC handling distribution.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares MSCI Emerging Markets index fund
|
| Amount: | $3,763,630
|
| Maturity: | Aug. 5, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any fund gain, capped at 27%; par if fund falls by up to 10%; 1% loss for every 1% drop beyond 10%
|
| Initial price: | $38.19
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Smith Barney LLC handling distribution
|
| Fees: | 2.25%
|
| Cusip: | 40434B479
|
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