Published on 5/27/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3.36 million barrier enhanced participation notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., May 27 – HSBC USA Inc. priced $3.36 million of 0% barrier enhanced participation notes due June 1, 2021 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 1.4 times any index gain. Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if the index falls by more than 40%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier enhanced participation notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3,357,000
|
| Maturity: | June 1, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.4 times any index gain; par if index falls by up to 40%; full exposure to losses from initial level if index falls by more than 40%
|
| Initial level: | 3,679.14
|
| Barrier level: | 60% of initial level
|
| Pricing date: | May 22
|
| Settlement date: | June 1
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 3.25%
|
| Cusip: | 40433BQ27
|
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