By Susanna Moon
Chicago, Dec. 3 - HSBC USA Inc. priced $1.35 million of 0% contingent buffered enhanced notes due June 3, 2015 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above the 80% knock-out level, the payout at maturity will be par plus the greater of the contingent minimum return of 5% and any gain up to a maximum return of 27%.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Contingent buffered enhanced notes
|
| Underlying stock: | Halliburton Co. (Symbol: HAL)
|
| Amount: | $1.35 million
|
| Maturity: | June 3, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above knock-out level, par plus return, floor of 5% and capped at 27%; otherwise, full exposure to any losses
|
| Initial index level: | $52.42
|
| Knock-in level: | 80% of initial level
|
| Pricing date: | Nov. 27
|
| Settlement date: | Dec. 3
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 40432XNV9
|
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