By Susanna Moon
Chicago, Feb. 12 - HSBC USA Inc. priced $800,000 of 0% Accelerated Market Participation Securities due Feb. 13, 2014 linked to the deliverable Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 4 times any gain in the currency.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying currency: | deliverable Chinese renminbi relative to the dollar
|
| Amount: | $800,000
|
| Maturity: | Feb. 13, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 400% of any currency gain; exposure to any losses
|
| Initial spot rate: | 6.225
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 13
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.75%
|
| Cusip: | 40432XA68
|
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