Published on 4/1/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $540,000 return enhanced notes linked to S&P 500
By Jennifer Chiou
New York, April 1 - HSBC USA Inc. priced $540,000 of 0% return enhanced notes due April 3, 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 1.72 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: | $540,000
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Maturity: | April 3, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 172% of any gain in the index; exposure to any losses
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Initial level: | 1,569.19
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Pricing date: | March 28
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Settlement date: | April 3
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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: | 40432XD73
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