Published on 7/30/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.13 million barrier market participation notes linked to S&P 500 index
By Toni Weeks
San Luis Obispo, Calif., July 30 – HSBC USA Inc. priced $1.13 million of 0% barrier market participation notes due July 31, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% 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: | S&P 500
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Amount: | $1,125,000
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Maturity date: | July 31, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; if index falls by up to 25%, par; if index falls by more than 25%, full exposure to any losses
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Initial level: | 2,093.25
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Barrier level: | 75% of initial level
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40433B3E6
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