By Susanna Moon
Chicago, March 11 - HSBC USA Inc. priced $7 million of 0% return enhanced notes due March 13, 2017 linked to a basket of three equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are AstraZeneca plc, Bristol-Myers Squibb Co. and Merck & Co., Inc.
The payout at maturity will be par plus 195% 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: | $7 million
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Maturity: | March 13, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 195% of any basket gain; exposure to any losses
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Pricing date: | March 6
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Settlement date: | March 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 40432XW72
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