By Toni Weeks
San Luis Obispo, Calif., April 27 – HSBC USA Inc. priced $39.41 million of 0% Accelerated Return Notes due June 24, 2016 linked to a basket of three equally weighted financial sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.
The payout at maturity will be par plus 300% of any basket gain, capped at 13.35%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Return Notes
|
| Underlying stocks: | Citigroup Inc. (Symbol: C), JPMorgan Chase & Co. (Symbol: JPM) and Wells Fargo & Co. (Symbol: WFC)
|
| Amount: | $39,409,240
|
| Maturity: | June 24, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any basket gain, up to 13.35% maximum return; exposure to any basket decline
|
| Initial basket level: | 100
|
| Pricing date: | April 23
|
| Settlement date: | April 30
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 40434G783
|
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