By Jennifer Chiou
New York, April 21 - HSBC USA Inc. priced $1.07 million of 0% return enhanced notes due April 24, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 188% of any gain in the index.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return enhanced notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1.07 million
|
| Maturity: | April 24, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 188% of any index gain; exposure to any losses
|
| Initial level: | 3,155.81
|
| Pricing date: | April 17
|
| Settlement date: | April 23
|
| Underwriter: | HSBC Securities (USA) Inc. with JPMorgan as agent
|
| Fees: | 2%
|
| Cusip: | 40432XYQ8
|
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