By Susanna Moon
Chicago, Feb. 6 - HSBC USA Inc. priced $1 million of 0% return enhanced notes due Feb. 9, 2015 linked to the performance of 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 five times any currency gain.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return enhanced notes
|
| Underlying currency: | Deliverable Chinese renminbi
|
| Amount: | $1 million
|
| Maturity: | Feb. 9, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 500% of any currency gain; exposure to any losses
|
| Initial spot rate: | 6.2170
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 8
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 40432XAN1
|
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