New Issue: HSBC prices $2.56 million jump securities on SPDR S&P Oil & Gas ETF

By Marisa Wong

Madison, Wis., Dec. 26 – HSBC USA Inc. priced $2.56 million of 0% jump securities due June 29, 2015 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above the initial share price, the payout at maturity will be par plus the upside payment of 19%, or $1.90 per $10 security.

Investors will be fully exposed to any decline in the share price.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	HSBC USA Inc.
Issue:	Jump securities
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$2,560,050
Maturity:	June 29, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If fund finishes at or above initial share price, par plus upside payment of 19%; otherwise, investors will be fully exposed to any decline in share price
Initial price:	$49.99
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
Fees:	1.75%
Cusip:	40434F678

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.