By Susanna Moon
Chicago, June 2 – HSBC USA Inc. priced $2.75 million of 0% digital return notes due June 14, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the 90% barrier level, the payout at maturity will be par plus a digital return of 9%.
Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent with J.P. Morgan Securities LLC as dealer.
Issuer: | HSBC USA Inc.
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Issue: | Digital return notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2.75 million
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Maturity: | June 14, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or falls by up to 10%, par plus 9%; 1.1111% loss per 1% drop beyond 10%
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Initial level: | 3,078.48
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Barrier level: | 90% of initial level
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Pricing date: | May 27
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Settlement date: | June 2
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Agents: | HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 40433UPG5
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