Published on 5/28/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3.68 million contingent buffered enhanced notes linked to WisdomTree Japan
By Angela McDaniels
Tacoma, Wash., May 28 - HSBC USA Inc. priced $3.68 million of 0% contingent buffered enhanced notes due Nov. 30, 2015 linked to the WisdomTree Japan Hedged Equity Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is less than the initial share price by more than 20%, investors will lose 1% for every 1% that the final share price is less than the initial share price. Otherwise, the payout at maturity will be par plus the fund return, subject to a minimum payout of par and a maximum return of 17.5%.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Contingent buffered enhanced notes
|
| Underlying ETF: | WisdomTree Japan Hedged Equity Fund
|
| Amount: | $3,675,000
|
| Maturity: | Nov. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is less than initial share price by more than 20%, 1% loss for every 1% that final share price is less than initial share price; otherwise, par plus fund return, subject to minimum payout of par and maximum return of 17.5%
|
| Initial fund price: $47.29
|
| Pricing date: | May 23
|
| Settlement date: | May 29
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 40433BBM9
|
© 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.
