Published on 9/8/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $970,000 barrier tracker notes linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Sept. 8 – HSBC USA Inc. priced $970,000 of 0% barrier tracker notes due Sept. 12, 2016 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.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier tracker notes
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Underlying index: | Euro Stoxx 50
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Amount: | $970,000
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Maturity: | Sept. 12, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 25%; full exposure to any losses if the index finishes below barrier level
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Initial index level: | 3,275.25
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Barrier level: | 75% of initial level
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Pricing date: | Sept. 4
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Settlement date: | Sept. 5
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1%
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Cusip: | 40433BLB2
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