Published on 3/31/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $18.79 million Accelerated Return Notes tied to Nikkei
By Marisa Wong
Madison, Wis., March 31 - HSBC USA Inc. priced $18.79 million of 0% Accelerated Return Notes due May 29, 2015 linked to the Nikkei 225 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 15.3%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Accelerated Return Notes
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Underlying index: | Nikkei 225 index
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Amount: | $18,790,210
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Maturity: | May 29, 2015
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus triple any index gain, up to a maximum return of 15.3%; investors will be exposed to any losses
|
Initial level: | 14,622.89
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Pricing date: | March 27
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Settlement date: | April 3
|
Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 40434B149
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