New Issue: HSBC prices $18.28 million return optimization notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Feb. 6 - HSBC USA Inc. priced $18.28 million of 0% return optimization securities due April 10, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index's final level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus triple the index return, subject to a maximum return of 16.16%. If the index's final level is less than its initial level, investors will have 1-to-1 exposure to the decline.

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.

Issuer:	HSBC USA Inc.
Issue:	Return optimization securities
Underlying index:	Russell 2000
Amount:	$18,281,400
Maturity:	April 10, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index's final level is greater than or equal to initial level, par plus 300% of index return, subject to 16.16% maximum return; if index's final level is less than initial level, 1-to-1 exposure to decline
Initial index level:	1,102.84
Pricing date:	Feb. 4
Settlement date:	Feb. 7
Underwriter:	HSBC Securities (USA) Inc.
Agent:	UBS Financial Services Inc.
Fees:	2%
Cusip:	40434B362

© 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.