Published on 3/13/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $5.02 million return enhanced notes linked to S&P 500
By Susanna Moon
Chicago, March 13 - HSBC USA Inc. priced $5.02 million of 0% return enhanced notes due March 13, 2018 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 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 as dealer.
Issuer: | HSBC USA Inc.
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Issue: | Return enhanced notes
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Underlying index: | S&P 500
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Amount: | $5,023,000
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Maturity: | March 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: | 1,551.18
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Pricing date: | March 8
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Settlement date: | March 13
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Agent: | HSBC Securities (USA) Inc.
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Dealer: | J.P. Morgan Securities LLC
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Fees: | 3%
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Cusip: | 40432XCS8
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