Published on 6/23/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $33.5 million three-month notes linked to Topix
By Angela McDaniels
Tacoma, Wash., June 23 – HSBC USA Inc. priced $33.5 million of 0% notes due Sept. 23, 2014 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the index return multiplied by (c) 99.7%. The notes are not principal protected, so this amount may be less than par.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Notes
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Underlying index: | Topix
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Amount: | $33.5 million
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Maturity date: | Sept. 23, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | For each $1,000 principal amount of notes, (a) $1,000 multiplied by (b) one plus the index return multiplied by (c) 99.7%
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Initial index level: | 1,269.04
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Pricing date: | June 19
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Settlement date: | June 24
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40433BEM6
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