Published on 11/24/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $868,000 leveraged buffered market participation notes on Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Nov. 24 – HSBC USA Inc. priced $868,000 of 0% leveraged buffered uncapped market participation securities due Nov. 27, 2017 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 110% of any gain in the index.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged buffered uncapped market participation securities
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Underlying index: | Euro Stoxx 50
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Amount: | $868,000
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Maturity date: | Nov. 27, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.1 times any index gain; par if index falls by up to 15%; 1% loss for every 1% drop beyond 15%
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Initial index level: | 3,102.21
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Buffer level: | 85% of initial level
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Pricing date: | Nov. 20
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Settlement date: | Nov. 25
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.5%
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Cusip: | 40433BSS8
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