Published on 8/18/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $4.99 million trigger jump notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Aug. 18 – HSBC USA Inc. priced $4.99 million of 0% trigger jump securities due Aug. 20, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus the greater of the index return and the upside payment of $4.25 per note.
Investors will receive par if the index falls by up to 40% and will be fully exposed to the index’s decline from the initial level if it falls by more than 40%.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management will handle distribution.
Issuer: | HSBC USA Inc.
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $4,992,160
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Maturity: | Aug. 20, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is zero or positive, greater of index return and $4.25 per $10 note; par if index falls by up to 40%; full exposure to losses if index falls by more than 40%
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Initial level: | 3,033.52
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Downside threshold: | 1,820.11, 60% of initial level
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Pricing date: | Aug. 15
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Settlement date: | Aug. 20
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Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management as dealer
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Fees: | 3%
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Cusip: | 40434D608
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