By Susanna Moon
Chicago, April 16 - HSBC USA Inc. priced $1.5 million of 0% return enhanced notes due April 12, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 140.1% of any gain in the index.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent with J.P. Morgan Securities LLC as dealer.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.5 million
|
| Maturity: | April 17, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 140.1% of any index gain; exposure to any losses
|
| Initial level: | 1,815.69
|
| Pricing date: | April 11
|
| Settlement date: | April 16
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Smith Barney LLC handling distribution
|
| Fees: | 2%
|
| Cusip: | 40432XYN5
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
