Published on 6/25/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $425,000 four-year SelectInvest notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, June 25 – HSBC USA Inc. priced $425,000 of 0% SelectInvest debt securities due June 27, 2018 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 any index gain, up to a maximum return of 100%.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | SelectInvest debt securities
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Underlying index: | Euro Stoxx 50
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Amount: | $425,000
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Maturity: | June 27, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 100%; par if index falls by up to 20%; 1% loss for every 1% drop beyond 20%
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Pricing date: | June 20
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Settlement date: | June 27
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2.65%
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Cusip: | 40433BCE6
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