Published on 12/29/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $180,000 three-year barrier market notes linked to Russell
By Susanna Moon
Chicago, Dec. 29 – HSBC USA Inc. priced $180,000 of 0% barrier market participation notes due Dec. 31, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.03 times any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Barrier market participation notes
|
Underlying index: | Russell 2000
|
Amount: | $180,000
|
Maturity: | Dec. 31, 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 any losses
|
Initial level: | 1,152.817
|
Barrier level: | 75% of initial level
|
Pricing date: | Dec. 23
|
Settlement date: | Dec. 29
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | None
|
Cusip: | 40433UEF9
|
|
|
© 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.