Published on 6/2/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $303,000 barrier enhanced participation notes on energy fund
By Marisa Wong
Madison, Wis., June 2 – HSBC USA Inc. priced $303,000 of 0% barrier enhanced participation notes due May 29, 2019 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times any fund gain. Investors will receive par if the fund falls by up to 25% and will be fully exposed to losses from the initial level if the fund falls by more than 25%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier enhanced participation notes
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Underlying ETF: | Energy Select Sector SPDR fund
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Amount: | $303,000
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Maturity: | May 29, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times any fund gain; par if fund falls by up to 25%; full exposure to losses from initial level if fund falls by more than 25%
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Initial share price: | $78.93
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Pricing date: | May 26
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Settlement date: | May 29
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | 0.25%
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Cusip: | 40433BR42
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