By Susanna Moon
Chicago, Feb. 18 - HSBC USA Inc. priced $200,000 of 0% buffered Accelerated Market Participation Securities due Feb. 19, 2016 linked to the iShares MSCI Mexico Capped exchange-traded 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 19.15%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying fund: | iShares MSCI Mexico Capped ETF
|
| Amount: | $200,000
|
| Maturity date: | Feb. 19, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 19.15%; par if shares fall by up to 10%; 1% for every 1% drop beyond 10%
|
| Initial level: | $62.76
|
| Pricing date: | Feb. 13
|
| Settlement date: | Feb. 19
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1%
|
| Cusip: | 40432XS85
|
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