Published on 10/3/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $8.83 million trigger PLUS linked to Euro Stoxx 50 index
By Susanna Moon
Chicago, Oct. 3 - HSBC USA Inc. priced $8.83 million of 0% trigger Performance Leveraged Upside Securities due April 4, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 500% of any gain in the index.
Investors will receive par if the index falls up to 20% and will be fully exposed to any losses if the index finishes below the 80% trigger level.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Smith Barney LLC will handle distribution.
Issuer: | HSBC USA Inc.
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $8,830,560
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Maturity: | April 4, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 500% of any index gain; par if index falls up to 20%; full exposure to losses from initial level if index drops more than 20%
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Initial level: | 2,893.15
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Trigger level: | 2,314.52, 80% of initial level
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Pricing date: | Sept. 30
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Settlement date: | Oct. 3
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Agent: | HSBC Securities (USA) Inc. with distribution through Morgan Stanley Smith Barney LLC
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Fees: | 3%
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Cusip: | 40433X274
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