Published on 7/16/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $400,000 five-year return enhanced notes tied to Euro Stoxx
By Susanna Moon
Chicago, July 16 - HSBC USA Inc. priced $400,000 of 0% return enhanced notes due July 18, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.1 times any gain in the index.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent, and J.P. Morgan Securities LLC is the dealer.
Issuer: | HSBC USA Inc.
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Issue: | Return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $400,000
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Maturity: | July 18, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 210% of any index gain; exposure to any losses
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Initial level: | 2,674.87
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Pricing date: | July 12
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Settlement date: | July 17
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Agent: | HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC as dealer
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Fees: | 3%
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Cusip: | 40432XHW4
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