Published on 6/30/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.63 million barrier market participation notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, June 30 – HSBC USA Inc. priced $1.63 million of 0% barrier market participation notes due July 2, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.04 times any index gain.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% barrier level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier market participation notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,627,000
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Maturity date: | July 2, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.04 times any index gain; if index falls by up to 30%, par; if index falls by more than 30%, full exposure to any losses
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Initial level: | 3,610.91
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Barrier level: | 70% 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: | None
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Cusip: | 40433B2G2
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