By Susanna Moon
Chicago, Feb. 12 - HSBC USA Inc. priced $5 million of 0% return enhanced notes due Feb. 13, 2018 linked to the Hang Seng China Enterprises index and the deliverable Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.8 times any gain in the index.
Investors will share in any losses.
HSBC Securities (USA) Inc. is the agent, with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as dealers.
Issuer: | HSBC USA Inc.
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Issue: | Return enhanced notes
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Underlying index: | Hang Seng China Enterprises index and the deliverable Chinese renminbi relative to the dollar
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Amount: | $5 million
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Maturity: | Feb. 13, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 180% of any gain in the index; exposure to any losses
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Initial level: | 11,649.78
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Initial spot rate: | 6.2250
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Pricing date: | Feb. 8
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Settlement date: | Feb. 13
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Agent: | HSBC Securities (USA) Inc.
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Dealers: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 3%
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Cusip: | 40432XBF7
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