Published on 1/28/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $5 million PLUS due 2018 linked to Euro Stoxx 50 index
By Jennifer Chiou
New York, Jan. 28 – HSBC USA Inc. priced $5 million of 0% Performance Leveraged Upside Securities due Jan. 31, 2018 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 500% of any index gain, subject to a maximum payment of $15.455 per $10.00 note.
Investors will share in any losses.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
Issuer: | HSBC USA Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $5 million
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Maturity date: | Jan. 31, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 500% of gain in index, capped at 54.55%; exposure to losses
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Initial level: | 3,414.28
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.25%
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Cusip: | 40434F496
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