New Issue: HSBC prices $1.05 million global opportunity notes linked to equity index basket

By Jennifer Chiou

New York, Jan. 29 - HSBC USA Inc. priced $1.05 million of 0% global opportunity notes due July 31, 2014 linked to an index basket, according to a 424B2 with the Securities and Exchange Commission.

The basket consists of equal weights of the S&P 500 index, Nikkei 225 index and the Dow Jones Euro Stoxx 50 index.

Payout at maturity will be par plus any basket gain, up to a maximum return of 50%.

Otherwise, investors will receive par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Global opportunity notes
Underlying indexes:	Equal weights of the S&P 500 index, Nikkei 225 index and the Dow Jones Euro Stoxx 50 index
Amount:	$1,053,000
Maturity:	July 31, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at 50%; floor of par
Initial index levels:	845.71 for S&P 500, 8,061.07 for Nikkei 225 and 2,224.62 for Dow Jones Euro Stoxx 50
Pricing date:	Jan. 26
Settlement date:	Jan. 30
Agent:	J.P. Morgan Securities Inc.
Fees:	3%

© 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.