Published on 12/7/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $250,000 barrier market participation notes tied to Russell
By Marisa Wong
Morgantown, W.Va., Dec. 7 – HSBC USA Inc. priced $250,000 of 0% barrier market participation notes due Nov. 30, 2018 linked to the Russell 2000 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 103% of the index return. Investors will receive par if the index falls by 25% or less and will be fully exposed to the index’s decline if it falls by more than 25%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Barrier market participation notes
|
Underlying index: | Russell 2000
|
Amount: | $250,000
|
Maturity date: | Nov. 30, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 103% of any index gain; if index falls by up to 25%, par; if index falls by more than 25%, full exposure to losses
|
Initial level: | 1,188.814
|
Pricing date: | Nov. 24
|
Settlement date: | Nov. 30
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.25%
|
Cusip: | 40433UCS3
|
|
© 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.