Published on 4/1/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $8.63 million return optimization notes tied to MSCI EAFE
By Toni Weeks
San Luis Obispo, Calif., April 1 – HSBC USA Inc. priced $8.63 million of 0% return optimization securities due April 29, 2016 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 14.2%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as the agent.
Issuer: | HSBC USA Inc.
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Issue: | Return optimization securities
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Underlying index: | MSCI EAFE
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Amount: | $8,633,250
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Maturity: | April 29, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 14.2%; exposure to any losses
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Initial level: | 1,869.83
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Pricing date: | March 27
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Settlement date: | March 31
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Underwriter: | HSBC Securities (USA) Inc. with UBS Financial Services Inc. as agent
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Fees: | 2%
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Cusip: | 40434G866
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