Published on 3/5/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $675,000 return enhanced notes linked to three stocks
By Susanna Moon
Chicago, March 5 - HSBC USA Inc. priced $675,000 of 0% return enhanced notes due March 1, 2017 linked to a basket of three equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
AstraZeneca plc, Bristol-Myers Squibb Co. and Merck & Co., Inc.
The payout at maturity will be par plus 176% of any basket gain.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the placement agent.
Issuer: | HSBC USA Inc.
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Issue: | Return enhanced notes
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Underlying basket: | AstraZeneca plc, Bristol-Myers Squibb Co. and Merck & Co., Inc., equally weighted
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Amount: | $675,000
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Maturity: | March 1, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 176% of any basket gain; exposure to any losses
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Pricing date: | Feb. 28
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Settlement date: | March 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 40432XU74
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