By Susanna Moon
Chicago, Feb. 6 - HSBC USA Inc. priced $2.65 million of 0% Accelerated Market Participation Securities due Feb. 9, 2015 linked to the gold spot price, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the price of gold, up to a maximum return of 19%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Accelerated Market Participation Securities
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Underlying asset: | Gold spot price
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Amount: | $2.65 million
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Maturity: | Feb. 9, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any gain in gold, capped at 19%; exposure to any losses
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Initial level: | $1,673.50
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Pricing date: | Feb. 5
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Settlement date: | Feb. 7
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.5%
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Cusip: | 40432XB75
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