By Susanna Moon
Chicago, April 16 - HSBC USA Inc. priced $1.5 million of 0% return enhanced notes due April 12, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 140.1% of any gain in the index.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent with J.P. Morgan Securities LLC as dealer.
Issuer: | HSBC USA Inc.
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Issue: | Return enhanced notes
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Underlying index: | S&P 500
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Amount: | $1.5 million
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Maturity: | April 17, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140.1% of any index gain; exposure to any losses
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Initial level: | 1,815.69
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Pricing date: | April 11
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Settlement date: | April 16
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Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Smith Barney LLC handling distribution
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Fees: | 2%
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Cusip: | 40432XYN5
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