By Susanna Moon
Chicago, March 20 - HSBC USA Inc. priced $1.5 million of 0% return enhanced notes due Sept. 22, 2014 linked to American Depositary Shares of America Movil SAB de CV, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any share gain, up to a maximum return of 17%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the placement agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return enhanced notes
|
| Underlying shares: | America Movil SAB de CV (Symbol: AMX)
|
| Amount: | $1.5 million
|
| Maturity: | Sept. 22, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any share gain, capped at 17%; exposure to any losses
|
| Initial level: | $19.92
|
| Pricing date: | March 17
|
| Settlement date: | March 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 40432XW98
|
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