By Jennifer Chiou
New York, Jan. 2 - HSBC USA Inc. priced $2.19 million of 0% return enhanced notes due Jan. 12, 2015 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.5 times any gain in Ford shares, up to a maximum return of 30.25%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC is the dealer.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return enhanced notes
|
| Underlying stock: | Ford Motor Co. (Symbol: F)
|
| Amount: | $2.19 million
|
| Maturity: | Jan. 12, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 250% of any stock gain, capped at 30.25%; exposure to any losses
|
| Initial price: | $15.30
|
| Pricing date: | Dec. 27
|
| Settlement date: | Jan. 2
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Dealer: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 40432XRH6
|
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