Published on 7/29/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $20.24 million three-year notes with cap linked to Nikkei
By Susanna Moon
Chicago, July 29 – HSBC USA Inc. priced $20.24 million of 0% notes due July 28, 2017 linked to the Nikkei Stock Average index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a cap of 48.06%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Notes
|
| Underlying index: | Nikkei Stock Average index
|
| Amount: | $20,235,740
|
| Maturity: | July 28, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 48.06%; exposure to any losses
|
| Initial index level: | 15,284.42
|
| Pricing date: | July 24
|
| Settlement date: | July 31
|
| Underwriters: | BofA Merrill Lynch
|
| Fees: | 2.25%
|
| Cusip: | 40434C170
|
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