Published on 7/28/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $14.98 million trigger PLUS linked to Euro Stoxx 50 index
By Tali Rackner
Norfolk, Va., July 28 – HSBC USA Inc. priced $14.98 million of 0% trigger Performance Leveraged Upside Securities due July 27, 2018 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 800% of any fund gain, subject to a maximum return of $14 per trigger PLUS.
Investors will receive par if the share price falls by up to 10% and will be fully exposed to losses if the fund drops below the 90% trigger level.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is the distributor.
Issuer: | HSBC USA Inc.
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $14,983,870
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Maturity: | July 27, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 800% of index return, up to a maximum of $14 per trigger PLUS; par if final index level is less than or equal to initial level but greater than trigger level; full exposure to index’s decline from initial level if final level is less than trigger level
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Initial index level: | 3,600
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Trigger level: | 3,240, 90% of the initial price
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Pricing date: | July 24
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Settlement date: | July 29
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Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management as distributor
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Fees: | 3%
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Cusip: | 40434E697
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