By Angela McDaniels
Tacoma, Wash., Jan. 28 - HSBC USA Inc. priced $13.88 million of 0% market-linked step-up notes due Jan. 26, 2015 linked to the Dow Jones Global Titans 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the agent.
If the final index level is greater than the step-up value -116.5% of the initial index level - the payout at maturity will be par of $10 plus the index return.
If the final index level is greater than or equal to the initial level but less than or equal to the step-up value, the payout will be par plus the step-up payment of 16.5%.
If the final index level is less than the initial level, investors will be fully exposed to the decline.
| Issuer: | HSBC USA Inc.
|
| Issue: | Market-linked step-up notes
|
| Underlying index: | Dow Jones Global Titans 50
|
| Amount: | $13,880,530
|
| Maturity: | Jan. 26, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final index level is greater than step-up value, par plus index return; if final index level is greater than or equal to initial level but less than or equal to step-up value, par plus 16.5%; if final index level is less than initial level, full exposure to decline
|
| Initial index level: | 201.24
|
| Step-up value: | 234.44, 116.5% of initial index level
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 31
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 40433T430
|
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