Published on 5/29/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3.83 million PLUS on Financial Select Sector SPDR fund
By Jennifer Chiou
New York, May 29 - HSBC USA Inc. priced $3,826,420 of 0% Performance Leveraged Upside Securities due May 31, 2016 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 130% of any fund gain, up to a maximum return of 38.5%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as distributor.
Issuer: | HSBC USA Inc.
|
Issue: | Performance Leveraged Upside Securities
|
Underlying ETF: | Financial Select Sector SPDR fund
|
Amount: | $3,826,420
|
Maturity: | May 31, 2016
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 130% of any fund gain, capped at 38.5%; exposure to any losses
|
Initial price: | $22.04
|
Pricing date: | May 23
|
Settlement date: | May 29
|
Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management
|
Fees: | 2.25%
|
Cusip: | 40434C576
|
© 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.