Published on 1/27/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $754,000 leveraged buffered notes on PowerShares S&P Low Volatility ETF
By Marisa Wong
Madison, Wis., Jan. 27 - HSBC USA Inc. priced $754,000 of 0% leveraged buffered uncapped market participation securities due Jan. 28, 2019 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is greater than zero, the payout at maturity will be par plus 115% of the ETF return. Investors will receive par if the fund falls by up to 20% and will lose 1% for every 1% that it declines beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
|
| Underlying ETF: | PowerShares S&P 500 Low Volatility Portfolio
|
| Amount: | $754,000
|
| Maturity: | Jan. 28, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 115% of any fund gain; par if shares fall by up to 20%; 1% loss for every 1% decline beyond 20%
|
| Initial share price: | $32.64
|
| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.7%
|
| Cusip: | 40432XRS2
|
© 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.
