Published on 11/1/2012 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $4.04 million trigger performance notes linked to S&P 500
By Susanna Moon
Chicago, Nov. 1 - HSBC USA Inc. priced $4.04 million of 0% trigger performance securities due Oct. 31, 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 122.26% of any gain in the index.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index falls below the 50% trigger level.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
Issuer: | HSBC USA Inc.
|
Issue: | Trigger performance securities
|
Underlying index: | S&P 500 index
|
Amount: | $4,041,150
|
Maturity: | Oct. 31, 2017
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 122.26% of any index gain; par for losses up to 50%; fully exposure to losses if index drops below trigger level
|
Initial level: | 1,411.94
|
Trigger level: | 705.97, or 50% of initial level
|
Pricing date: | Oct. 26
|
Settlement date: | Oct. 31
|
Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
Fees: | 3.5%
|
Cusip: | 40433T703
|
© 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.