By Susanna Moon
Chicago, June 3 - HSBC USA Inc. priced $1.37 million of 0% leveraged buffered uncapped market participation securities due June 4, 2019 linked to the iShares MSCI Emerging Markets index fund, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times any gain in the fund.
Investors will receive par if the shares fall by up to 25% and will lose 1.3333% for every 1% decline beyond 25%.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
|
Issue: | Leveraged buffered uncapped market participation securities
|
Underlying fund: | iShares MSCI EAFE index fund
|
Amount: | $1,372,000
|
Maturity: | June 4, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.2 times any fund gain; par if shares fall by up to 25%; 1.3333% loss for every 1% decline beyond 25%
|
Initial level: | $41.96
|
Pricing date: | May 30
|
Settlement date: | June 4
|
Underwriter: | HSBC Securities (USA) Inc.
|
Fees: | None
|
Cusip: | 40432XFU0
|
© 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.