Published on 12/2/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $13.19 million leveraged notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Dec. 2 – HSBC USA Inc. priced $13.19 million of 0% Leveraged Index Return Notes due Nov. 27, 2019 tied 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 1.31 times any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
BofA Merrill Lynch is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $13,194,350.00
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Maturity: | Nov. 27, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 131% of any index gain; par if index declines by 20% or less; 1% loss for every 1% drop beyond 20%
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Initial level: | 3,226.15
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Pricing date: | Nov. 25
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Settlement date: | Dec. 3
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Agent: | BofA Merrill Lynch
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Fees: | 2.5%
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Cusip: | 40434D210
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