By Marisa Wong
Madison, Wis., Aug. 7 - HSBC USA Inc. priced $30 million of 0% return enhanced notes due Aug. 8, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 185% of any index gain.
Investors will share fully in losses.
HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $30 million
|
| Maturity: | Aug. 8, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 185% of any index gain; full exposure to losses
|
| Initial level: | 1,390.99
|
| Pricing date: | Aug. 3
|
| Settlement date: | Aug. 8
|
| Underwriter: | HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC as placement agent
|
| Fees: | 3.5%
|
| Cusip: | 4042K13E1
|
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