By Susanna Moon
Chicago, Feb. 17 – HSBC USA Inc. priced $3.37 million of 0% return enhanced notes due March 2, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 19.17%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as agent.
Issuer: | HSBC USA Inc.
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Issue: | Return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $3.37 million
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Maturity: | March 2, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 19.17%; exposure to any losses
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Initial level: | 3,447.59
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Pricing date: | Feb. 13
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Settlement date: | Feb. 19
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Underwriter: | HSBC Securities (USA) Inc. with JPMorgan as agent
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Fees: | 1%
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Cusip: | 40433BB23
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