By Toni Weeks
San Luis Obispo, Calif., Feb. 24 – HSBC USA Inc. priced $130,000 of 0% barrier Accelerated Market Participation Securities due Aug. 27, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum return of 52%.
Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below the 75% barrier.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier Accelerated Market Participation Securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $130,000
|
| Maturity: | Aug. 27, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, capped at 52%; par if fund declines by 25% or less; full exposure to any losses if the fund falls below barrier level
|
| Initial level: | $40.67
|
| Barrier level: | 75% of initial level
|
| Pricing date: | Feb. 20
|
| Settlement date: | Feb. 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.35%
|
| Cusip: | 40433BYN2
|
© 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.
