Published on 7/26/2012 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $440,000 leveraged buffered participation notes on S&P 500 Low Volatility
By Toni Weeks
San Diego, July 26 - HSBC USA Inc. priced $440,000 of 0% leveraged buffered uncapped market participation securities due July 29, 2015 linked to the S&P 500 Low Volatility index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par plus 110% of any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond the 20% buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Leveraged buffered uncapped market participation securities
|
Underlying index: | S&P 500 Low Volatility
|
Amount: | $440,000
|
Maturity date: | July 29, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 110% of any index gain; par if index falls by up to 20%; 1% loss for every 1% index decline beyond 20%
|
Initial index level: | 4,404.08
|
Pricing date: | July 24
|
Settlement date: | July 27
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 1.2%
|
Cusip: | 4042K1X73
|
© 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.