By Angela McDaniels
Tacoma, Wash., July 29 – HSBC USA Inc. priced $30.8 million of notes due Jan. 30, 2015 linked to the KBW Bank index, according to a 424B2 filing with the Securities and Exchange Commission.
The index is a float-adjusted modified-market capitalization-weighted index that seeks to reflect the performance of publicly traded companies in the United States that do business as banks or thrifts. Keefe, Bruyette & Woods, Inc. is the sponsor.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the index return multiplied by (c) 100.7%.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC acting as agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Notes
|
| Underlying index: | KBW Bank index
|
| Amount: | $30.8 million
|
| Maturity: | Jan. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | For each $1,000 principal amount, (a) $1,000 multiplied by (b) one plus index return multiplied by (c) 100.7%
|
| Initial index level: | 71.6094
|
| Pricing date: | July 25
|
| Settlement date: | July 30
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 40433BJT6
|
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