Published on 8/31/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $679,000 barrier market participation notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Aug. 31 – HSBC USA Inc. priced $679,000 of 0% barrier market participation notes due Aug. 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 1.02 times 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.
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Issue: | Barrier market participation notes
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Underlying index: | Euro Stoxx 50
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Amount: | $679,000
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Maturity date: | Aug. 31, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 102% of any index gain; if index falls by up to 30%, par; if index falls by more than 30%, full exposure to any losses
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Initial level: | 3,170.73
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Barrier level: | 70% of initial level
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40433B5D6
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