Published on 7/28/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $13.37 million Accelerated Return Notes linked to Teradata
By Marisa Wong
Madison, Wis., July 28 – HSBC USA Inc. priced $13.37 million of 0% Accelerated Return Notes due Aug. 7, 2015 linked to the common stock of Teradata Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any increase in the stock, subject to a maximum return of 19.8%. Investors will be fully exposed to any decline in the stock.
BofA Merrill Lynch is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Accelerated Return Notes
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| Underlying stock: | Teradata Corp. (NYSE: TDC)
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| Amount: | $13,366,190
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| Maturity: | Aug. 7, 2015
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus triple any increase in stock, return capped at 19.8%; full exposure to any decline in stock
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| Initial price: | $43.33
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| Pricing date: | July 24
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| Settlement date: | July 31
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| Agent: | BofA Merrill Lynch
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| Fees: | 1.75%
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| Cusip: | 40434C162
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