Published on 12/23/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.17 million buffered uncapped market notes on the Dow
By Susanna Moon
Chicago, Dec. 23 – HSBC USA Inc. priced $1.17 million of 0% buffered uncapped market participation securities due Dec. 23, 2019 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 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: | Buffered uncapped market participation securities
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Underlying index: | Dow Jones industrial average
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Amount: | $1,172,000
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Maturity date: | Dec. 23, 2019
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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 15%; 1% loss for every 1% drop beyond 15%
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Initial index level: | 17,778.15
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Buffer level: | 85% of initial level
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Pricing date: | Dec. 18
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Settlement date: | Dec. 23
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 3.5%
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Cusip: | 40433BVM7
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