Published on 12/14/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $18.38 million Leveraged Index Return Notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Dec. 14 – HSBC USA Inc. sold $18.38 million of 0% Leveraged Index Return Notes due Nov. 27, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 151.1% of any index gain.
Investors will be exposed to any index decline.
BofA Merrill Lynch is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged Index Return Notes
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Underlying index: | S&P 500
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Amount: | $18,381,310
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Maturity: | Nov. 27, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 151.1% of any index gain; exposure to any index decline
|
Initial level: | 839.30
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Pricing date: | Nov. 24
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Settlement date: | Dec. 2
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Agent: | BofA Merrill Lynch
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Fees: | 2.5%
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Cusip: | 40434E341
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