Published on 8/5/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $6.44 million PLUS due 2016 linked to Russell 2000 index
By Susanna Moon
Chicago, Aug. 5 – HSBC USA Inc. priced $6.44 million 0% Performance Leveraged Upside Securities due Nov. 3, 2016 linked to the Russell 2000 index, according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of $11.425 per note.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | HSBC USA Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Russell 2000 index
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Amount: | $6,440,500
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Maturity: | Nov. 3, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 14.25%; full exposure to any losses
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Initial index level: | 1,238.68
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Pricing date: | July 31
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Settlement date: | Aug. 5
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Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
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Fees: | 1.75%
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Cusip: | 40434E820
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