New York, July 7 – HSBC USA Inc. priced $1.10 million of 0% return enhanced notes due Oct. 7, 2015 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any gain in the currency, up to a maximum return of 8.2%.
Investors will be exposed to any losses.
The final level will be the average of the index on Sept. 28, Sept. 29, Sept. 30, Oct. 1 and Oct. 2.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as placement agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Return enhanced notes
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| Underlying index: | Euro Stoxx Banks index
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| Amount: | $1,095,000
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| Maturity: | Oct. 7, 2015
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, capped at 8.2%; exposure to any losses
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| Initial level: | 151.66
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| Pricing date: | July 2
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| Settlement date: | July 8
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| Underwriter: | HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC as placement agent
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| Fees: | 2.5%
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| Cusip: | 40433B4A3
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