Published on 1/28/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $669,000 of leveraged buffered uncapped notes on Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Jan. 28 – HSBC USA Inc. priced $669,000 of 0% leveraged buffered uncapped market participation securities due July 29, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 120% of the index gain.
Investors will receive par if the index declines by up to the 15% buffer and will lose 1% for every 1% that it declines beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged buffered uncapped market participation securities
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Underlying index: | Euro Stoxx 50
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Amount: | $669,000
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Maturity: | July 29, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 120% of gain; par if index falls by up to 15%; 1% loss for every 1% decline beyond 15%
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Initial level: | 3,032.84
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Underwriters: | HSBC Securities (USA) Inc.
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Fees: | 3.05%
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Cusip: | 40433UFS0
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