Published on 4/19/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3.81 million PLUS linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 19 – HSBC USA Inc. priced $3.81 million of 0% Performance Leveraged Upside Securities due Aug. 3, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 28%. If the index return is negative, investors will be fully exposed to the decline.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3,813,160
|
| Maturity: | Aug. 3, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 300% of index return, subject to 28% maximum return; if index declines, full exposure to decline
|
| Initial level: | 3,054.34
|
| Pricing date: | April 15
|
| Settlement date: | April 20
|
| Agent: | HSBC Securities (USA) Inc.
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 40434N440
|
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