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ELEMENTS Linked to the S&P Commodity Trends Indicator - TR due 6/16/2023
Ticker Symbol: LSC* CUSIP: 4042EP602 Exchange: NYSEA
* NOTE: This security is no longer trading as of 9/19/2016
Company's Online Profile
BUSINESS: ELEMENTS Linked to the S&P Commodity Trends Indicator - Total Return due 6/16/2023 are senior, unsecured debt securities, issued by HSBC USA Inc. INVESTMENT OBJECTIVE: The ELEMENTS Linked to the S&P Commodity Trends Indicator - Total Return are linked to the performance of the S&P Commodity Trends Indicator - Total Return (the Index). INDEX DESCRIPTION: The S&P Commodity Trends Indicator - Total Return is designed to apply a long/short strategy to six commodity sectors comprised of sixteen traditional, physical commodity futures contracts. The Index is a total return index designed to reflect the performance of a fully collateralized investment in the futures contracts. (Bloomberg symbol: SPTICTR). RETURNS AND MATURITY: The return on the Securities may be positive or negative, and is directly linked to the performance of the Index, which is based on a variety of market and economic factors, interest rates in the markets and economic, financial, political, regulatory, judicial or other events that affect the markets generally. If your Securities have not previously been repurchased by HSBC USA at your election, at maturity, 6/16/2023, you will receive a cash payment equal to the principal amount of your Securities times the index factor on the final valuation date times the fee factor on the final valuation date. REDEMPTION AND FEES: You may offer $2,500,000 stated principal amount (250,000 Securities) or more of your Securities to HSBC USA for repurchase on any business day during the term of the Securities, beginning on June 17, 2008 and ending on May 25, 2023. If you elect to offer your Securities for repurchase, and the requirements for acceptance by HSBC USA are met, you will receive a cash payment in an amount equal to the daily repurchase value, which is the principal amount of your Securities to be repurchased times the index factor on the applicable valuation date times the fee factor on the applicable valuation date. The investor fee is equal to 0.75% per annum accrued on a daily basis. For calculations of fees and any further information on this ETN click on the Link to IPO Prospectus provided.
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Notes: September 7, 2016 – HSBC USA Inc. (“HSBC”) is announcing the redemption of all of the ELEMENTSSM exchange-traded notes linked to the S&P Commodity Trends Indicator – Total Return due June 16, 2023 (“ETNs”). The ETNs are listed on the NYSE Arca (ticker symbol: LSC). There are currently less than $5,000,000 aggregate principal amount outstanding of the ETNs. Under the terms of the ETNs and the Indenture between HSBC and Deutsche Bank Trust Company Americas dated as of March 31, 2006, HSBC will redeem all of the ETNs on September 19, 2016
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IPO - 6/10/2008 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $40.5 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: HSBC USA INC, 452 FIFTH AV, NEW YORK, NY 10018 |
| Main Phone Number |
212-525-3735 |
| Fax Number |
Not Available |
| Investor Contact
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212-525-3735
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| Toll Free Phone Number |
800-662-3343 |
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