Published on 2/27/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $2.26 million trigger performance securities linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Feb. 27 – HSBC USA Inc. priced $2.26 million of 0% trigger performance securities due Feb. 28, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return.
Investors will receive par if the index falls by up to 47% and will be fully exposed to losses from the initial level if it falls by more than 47%.
HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.
Issuer: | HSBC USA Inc.
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Issue: | Trigger performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,262,230
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Maturity: | Feb. 28, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 200% of index return; par if index falls by up to 47%; fully exposed to losses from initial level if it falls by more than 47%
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Initial level: | 3,541.78
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Trigger level: | 1,877.14, 53% of initial level
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Pricing date: | Feb. 25
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Settlement date: | Feb. 27
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Agents: | HSBC Securities (USA) Inc. and UBS Financial Services Inc.
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Fees: | 5%
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Cusip: | 40434F223
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