Published on 6/3/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $714,000 leveraged buffered notes on S&P Europe low-volatility index
By Marisa Wong
Madison, Wis., June 3 – HSBC USA Inc. priced $714,000 of 0% leveraged buffered uncapped market participation securities due May 29, 2020 linked to the S&P Europe 350 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 120% of the index return. Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged buffered uncapped market participation securities
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Underlying index: | S&P Europe 350 Low Volatility index
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Amount: | $714,000
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Maturity: | May 29, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 120% of any index gain; par if index falls by up to 15%; 1% loss for every 1% that index declines beyond 15%
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Initial level: | 249.48
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Pricing date: | May 27
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Settlement date: | May 29
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | 4.5%
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Cusip: | 40433BV88
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