Published on 6/29/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $754,000 buffered market participation notes on Euro Stoxx
By Susanna Moon
Chicago, June 29 – HSBC USA Inc. priced $754,000 of 0% buffered uncapped market participation securities due April 1, 2019 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 any gain in the index.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered uncapped market participation securities
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Underlying index: | Euro Stoxx 50
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Amount: | $754,000
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Maturity date: | April 1, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 15%; 1% loss for every 1% drop beyond 15%
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Initial level: | 3,610.91
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Buffer level: | 85% of initial level
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Pricing date: | June 25
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Settlement date: | June 30
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.55%
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Cusip: | 40433BY51
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