Published on 5/30/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $7.34 buffered uncapped market participation securities linked to Dow
By Angela McDaniels
Tacoma, Wash., May 30 - HSBC USA Inc. priced $7.34 million of 0% buffered uncapped market participation securities due May 31, 2017 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 17% and will lose 1% for every 1% that it declines, if any, beyond 17%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered uncapped market participation securities
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Underlying index: | Dow Jones industrial average
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Amount: | $7,336,000
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Maturity date: | May 31, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 17%; 1% loss for every 1% that index declines, if any, beyond 17%
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Initial index level: | 15,409.39
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Pricing date: | May 28
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Settlement date: | May 31
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Agent: | HSBC Securities (USA) Inc.
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Fees: | Up to 3.5%
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Cusip: | 40432XEM9
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