Published on 1/31/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $6.97 million trigger performance notes on Euro Stoxx 50
By Marisa Wong
Madison, Wis., Jan. 31 - HSBC USA Inc. priced $6.97 million of 0% trigger performance securities due Jan. 29, 2016 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 135.72% of the index return.
Investors will receive par if the index falls by up to 35% and will be fully exposed to losses from the initial level if it falls more than 35%.
HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.
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: | $6,967,800
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Maturity: | Jan. 29, 2016
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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 135.72% of index return; par if index falls by up to 35%; full exposure to losses if index falls more than 35%
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Initial level: | 2,749.27
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Trigger level: | 1,787.03, 65% of initial level
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Pricing date: | Jan. 29
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Settlement date: | Jan. 31
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Underwriter: | HSBC Securities (USA) Inc. with UBS Financial Services Inc. as agent
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Fees: | 2.5%
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Cusip: | 40433T422
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