Published on 7/29/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.1 million barrier leveraged tracker notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., July 29 – HSBC USA Inc. priced $1.1 million of 0% barrier leveraged tracker notes due July 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 160% of the index return. Investors will receive par if the index falls by 25% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 25%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier leveraged tracker notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.1 million
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Maturity: | July 31, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than zero, par plus 160% of index return; par if index falls by 25% or less; full exposure to index’s decline from initial level if it falls by more than 25%
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Initial index level: | 3,174.99
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Pricing date: | July 25
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Settlement date: | July 31
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.5%
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Cusip: | 40433BHC5
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