Published on 7/30/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $850,000 barrier market participation notes linked to Euro Stoxx 50 index
By Toni Weeks
San Luis Obispo, Calif., July 30 – HSBC USA Inc. priced $850,000 of 0% barrier market participation notes due July 31, 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 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.
|
Issue: | Barrier market participation notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $850,000
|
Maturity date: | July 31, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain; if index falls by up to 30%, par; if index falls by more than 30%, full exposure to any losses
|
Initial level: | 3,554.11
|
Barrier level: | 70% of initial level
|
Pricing date: | July 28
|
Settlement date: | July 31
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | None
|
Cusip: | 40433B3G1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.