Published on 12/23/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.27 million buffered uncapped market notes on Euro Stoxx
By Susanna Moon
Chicago, Dec. 23 – HSBC USA Inc. priced $1.27 million of 0% buffered uncapped market participation securities due Dec. 24, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index.
Investors will receive par if the index falls by up to 18% and will lose 1% for every 1% decline beyond 18%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered uncapped market participation securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1,273,000
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Maturity date: | Dec. 24, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 18%; 1% loss for every 1% drop beyond 18%
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Initial index level: | 3,153.77
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Buffer level: | 82% of initial level
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Pricing date: | Dec. 18
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Settlement date: | Dec. 23
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 3.5%
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Cusip: | 40433BVK1
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