By Marisa Wong
Madison, Wis., April 11 - HSBC USA Inc. priced $2.1 million of 0% participation notes due Jan. 13, 2015 linked to the dollar adjusted MSCI Europe index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes priced at par of $49.50.
For each note, the payout at maturity will be the cash settlement value, which is equal to the greater of $0 and $1,000 multiplied by the index return.
The initial index level is equal to the closing level of the index on the pricing date multiplied by the dollar per euro exchange rate on the pricing date.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Participation notes
|
| Underlying index: | MSCI Europe index, dollar adjusted
|
| Amount: | $2,099,988
|
| Maturity date: | Jan. 13, 2015
|
| Coupon: | 0%
|
| Price: | Par of $49.50
|
| Payout at maturity: | For each note, greater of $0 and $1,000 multiplied by index return
|
| Initial index level: | 157.84814 (index closing level on pricing date of 114.18 multiplied by initial spot rate)
|
| Initial spot rate: | 1.38245
|
| Pricing date: | April 9
|
| Settlement date: | April 14
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40434C717
|
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