Published on 3/3/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $2.66 million Leveraged Index Return Notes on Euro Stoxx 50
By Marisa Wong
Madison, Wis., March 3 - HSBC USA Inc. priced $2.66 million of 0% Leveraged Index Return Notes due Feb. 22, 2019 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 of $10 plus 142.5% of any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
BofA Merrill Lynch is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2,660,574
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Maturity: | Feb. 22, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 142.5% of any index gain; par if index falls by up to 20%; 1% loss for every 1% drop beyond 20%
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Initial index level: | 3,134.94
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Threshold level: | 2,507.95
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Final index level: | Average of index's closing levels on five trading days ending Feb. 19, 2019
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Pricing date: | Feb. 27
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Settlement date: | March 6
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Underwriter: | BofA Merrill Lynch
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Fees: | 2.5%
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Cusip: | 40434B271
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