Published on 7/26/2012 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $932,000 buffered uncapped market notes linked to the Dow
By Marisa Wong
Madison, Wis., July 26 - HSBC USA Inc. priced $932,000 of 0% buffered uncapped market participation securities due July 29, 2015 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 16% and will lose 1% for every 1% decline beyond the 16% buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered uncapped market participation securities
|
Underlying index: | Dow Jones industrial average
|
Amount: | $932,000
|
Maturity: | July 29, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain; par if index falls by up to 16%; 1% for every 1% drop beyond buffer
|
Initial level: | 12,617.32
|
Pricing date: | July 24
|
Settlement date: | July 27
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 3.2%
|
Cusip: | 4042K1V67
|
© 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.