Published on 2/24/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.2 million buffered uncapped market participation notes on Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Feb. 24 – HSBC USA Inc. priced $1.2 million of 0% buffered uncapped market participation securities due Aug. 26, 2019 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 102% of any index gain. Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond the 20% buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered uncapped market participation securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $1,199,000
|
Maturity date: | Aug. 26, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.02 times any index gain; par if index falls by up to 20%; 1% loss for every 1% drop beyond 20%
|
Initial index level: | 3,490.53
|
Buffer level: | 80% of initial level
|
Pricing date: | Feb. 20
|
Settlement date: | Feb. 25
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 3.5%
|
Cusip: | 40433BZN1
|
© 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.