Published on 3/2/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $28.04 million Accelerated Return Notes tied to Russell 2000
By Marisa Wong
Madison, Wis., March 2 – HSBC USA Inc. priced $28.04 million of 0% Accelerated Return Notes due April 29, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, capped at 13.65%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Russell 2000
|
| Amount: | $28,041,110
|
| Maturity: | April 29, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 13.65%; full exposure to any losses
|
| Initial index level: | 1,239.114
|
| Final index level: | Average of index’s closing levels on five trading days ending April 26, 2016
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 5
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 40434F488
|
|
|
© 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.
