Published on 4/1/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $9.78 million 95%-protected market-linked notes on Hang Seng China
By Toni Weeks
San Luis Obispo, Calif., April 1 – HSBC USA Inc. priced $9.78 million of 0% market-linked notes due March 31, 2020 tied to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 51.86%.
If the index falls, the payout will be par plus the index return, subject to a minimum payout of 95% of par.
HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.
Issuer: | HSBC USA Inc.
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Issue: | Market-linked notes
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Underlying index: | Hang Seng China Enterprises index
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Amount: | $9,776,000
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Maturity: | March 31, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 51.86%; if index falls, par plus index return, with minimum payout of 95% of par
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Initial index level: | 11,898.09
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Pricing date: | March 27
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Settlement date: | March 31
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Agents: | HSBC Securities (USA) Inc. and UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 40433BH50
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