Published on 4/30/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.8 million trigger performance notes linked to German Stock Price index
By Angela McDaniels
Tacoma, Wash., April 30 – HSBC USA Inc. priced $1.8 million of 0% trigger performance securities due April 30, 2020 linked to the Deutsche Borse AG German Stock Price index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 138% of the index return. Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if it falls by more than 25%.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.
Issuer: | HSBC USA Inc.
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Issue: | Trigger performance securities
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Underlying index: | Deutsche Borse AG German Stock Price index
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Amount: | $1,800,100
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Maturity: | April 30, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 138% of index return; par if index falls by up to 25%; full exposure to losses from initial level if index falls by more than 25%
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Initial level: | 6.030.29
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Trigger level: | 4,522.72, 75% of initial level
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Pricing date: | April 28
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Settlement date: | April 30
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Underwriter: | HSBC Securities (USA) Inc.
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Agent: | UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 40434G650
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