By Jennifer Chiou
New York, Feb. 3 – HSBC USA Inc. priced $1,698,000 of 0% Performance Leveraged Upside Securities due May 4, 2016 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the fund, up to a maximum return of 12%.
Investors will be fully exposed to any decline in the fund.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as distributor.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying fund: iShares MSCI EAFE ETF
|
| Amount: | $1,698,000
|
| Maturity: | May 4, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any fund gain, capped at 12%; full exposure to losses
|
| Initial level: | $61.21
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 4
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 40434F645
|
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