By Marisa Wong
Madison, Wis., July 2 - HSBC USA Inc. priced $9.24 million of 0% Leveraged Index Return Notes due June 27, 2014 linked to the S&P 500 Low Volatility index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 152% of any index gain.
Investors will be exposed to any losses.
The final index level will equal the average of the index's closing levels for the five trading days ending June 24, 2014.
Bank of America Merrill Lynch is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | S&P 500 Low Volatility index
|
| Amount: | $9,243,180
|
| Maturity: | June 27, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 152% of any index gain; full exposure to losses
|
| Initial level: | 4,362.26
|
| Final level: | Average of closing levels for five trading days ending June 24, 2014
|
| Pricing date: | June 28
|
| Settlement date: | July 6
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 40433M724
|
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