Published on 9/3/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC priced $6.1 million dual directional trigger PLUS on Euro Stoxx
By Jennifer Chiou
New York, Sept. 3 – HSBC USA Inc. priced $6,104,510 of 0% dual directional trigger Performance Leveraged Upside Securities due March 4, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 128% of the gain.
If the index falls but finishes at or above the 65% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | HSBC USA Inc.
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Issue: | Dual directional trigger Performance Leveraged Upside Securities
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Underlying index: Euro Stoxx 50
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Amount: | $6,104,510
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Maturity: | March 4, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final index level is at or above initial index level, par plus 128% of index return; if final index level is less than the initial index level but greater than or equal to trigger level, par plus absolute value of index return; if final index level is less than trigger level, full exposure to decline from initial index level
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Initial index level: 3,172.63
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Trigger level: | 2,062.21, 65% of initial level
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Pricing date: | Aug. 29
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Settlement date: | Sept. 4
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Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management as dealer
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Fees: | 3.5%
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Cusip: | 40434D509
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