Published on 2/24/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $890,000 buffered uncapped notes tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Feb. 24 – HSBC USA Inc. priced $890,000 of 0% buffered uncapped market participation securities due Aug. 27, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 112% times the index return. Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Buffered uncapped market participation securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $890,000
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Maturity: | Aug. 27, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.12 times any index gain; par if index falls by up to 15%; 1% loss for every 1% that index declines beyond 15%
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Initial level: | 3,490.53
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Pricing date: | Feb. 20
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Settlement date: | Feb. 25
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | 0.5%
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Cusip: | 40433BZK7
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