Published on 6/26/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $2.62 million leveraged buffered securities on S&P 500 Low Volatility
By Marisa Wong
Madison, Wis., June 26 - HSBC USA Inc. priced $2.62 million of 0% leveraged buffered uncapped market participation securities due June 24, 2016 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.15 times any index gain. If the index falls by up to 10%, the payout will be par. Investors will lose 1% for every 1% decline beyond the 10% buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Leveraged buffered uncapped market participation securities
|
Underlying index: | S&P 500 Low Volatility index
|
Amount: | $2,623,000
|
Maturity: | June 24, 2016
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.15 times any index gain; if index falls by up to 10%, par; investors will lose 1% for every 1% drop beyond 10% buffer
|
Initial level: | 4,903.57
|
Pricing date: | June 21
|
Settlement date: | June 26
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.5%
|
Cusip: | 40432XGM7
|
© 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.