Published on 7/31/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $637,000 barrier enhanced participation notes linked to energy fund
By Angela McDaniels
Tacoma, Wash., July 31 – HSBC USA Inc. priced $637,000 of 0% barrier enhanced participation notes due July 31, 2019 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any fund gain. Investors will receive par if the fund falls by up to 25% and will be fully exposed to losses from the initial level if the fund falls by more than 25%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier enhanced participation notes
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Underlying ETF: | Energy Select Sector SPDR Fund
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Amount: | $637,000
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Maturity: | July 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.25 times any fund gain; par if fund falls by up to 25%; full exposure to losses from initial level if fund falls by more than 25%
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Initial share price: | $70.47
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Pricing date: | July 28
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Settlement date: | July 31
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | 0.5%
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Cusip: | 40433B3D8
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