Published on 5/2/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.28 million PLUS due 2014 linked to Topix index
By Susanna Moon
Chicago, May 2 - HSBC USA Inc. priced $1.28 million of 0% Performance Leveraged Upside Securities due Nov. 3, 2014 tied to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 200% of any gain in the index, up to a maximum return of 17.5%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | Topix index
|
| Amount: | $1,281,450
|
| Maturity: | Nov. 3, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 17.5%; exposure to any losses
|
| Initial index level: | 1,165.13
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Underwriters: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 40433X605
|
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