Published on 10/30/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $85,000 barrier market participation notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Oct. 30 – HSBC USA Inc. priced $85,000 of 0% barrier market participation notes due Oct. 30, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by 30% or less and will be fully exposed to the index’s decline if it falls by more than 30%.
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: | $85,000
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Maturity date: | Oct. 30, 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 30%, par; if index falls by more than 30%, full exposure to losses
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Initial level: | 3,381.01
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Pricing date: | Oct. 27
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Settlement date: | Oct. 30
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40433UBG0
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