E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/8/2014 in the Prospect News Structured Products Daily.

New Issue: HSBC prices $2.7 million return enhanced notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, April 8 - HSBC USA Inc. priced $2.7 million of 0% return enhanced notes due April 12, 2017 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 plus 188% of any gain in the index.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent with J.P. Morgan Securities LLC as dealer.

Issuer:HSBC USA Inc.
Issue:Return enhanced notes
Underlying index:Euro Stoxx 50
Amount:$2,697,000
Maturity:April 12, 2017
Coupon:0%
Price:Par
Payout at maturity:Par plus 188% of any index gain; exposure to losses
Initial level:3,230.33
Pricing date:April 4
Settlement date:April 9
Agent:HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC as dealer
Fees:2%
Cusip:40432XY88

© 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.