By Toni Weeks
San Luis Obispo, Calif., May 20 - HSBC USA Inc. priced $3.02 million of 0% trigger jump securities due May 23, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final fund level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus $2.00, or $12.00 per $10.00 principal amount of notes.
Investors will receive par if the fund falls by up to 10% and will be fully exposed to the fund's decline from the initial level if it falls by more than 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger jump securities
|
| Underlying fund: | iShares MSCI Emerging Markets exchange-traded fund
|
| Amount: | $3,017,000
|
| Maturity: | May 23, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund return is zero or positive, $12.00 per $10.00 principal amount; par if fund falls by up to 10%; full exposure to losses if fund falls by more than 10%
|
| Initial level: | $42.93
|
| Trigger level: | $38.64, 90% of initial level
|
| Pricing date: | May 16
|
| Settlement date: | May 21
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.25%
|
| Cusip: | 40434C568
|
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