Published on 6/10/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $7.08 million dual directional trigger PLUS on Euro Stoxx 50
By Susanna Moon
Chicago, June 10 – HSBC USA Inc. priced $7.08 million of 0% dual directional trigger Performance Leveraged Upside Securities due June 5, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus double the gain, up to a maximum return of 46.5%.
If the index falls by up to the 80% trigger level, the payout will be par plus the absolute value of the return.
If the index finishes below the trigger level, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Smith Barney LLC is handling distribution.
Issuer: | HSBC USA Inc.
|
Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $7,084,460
|
Maturity: | June 5, 2019
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index gains, par plus 200% of return, capped at 46.5%; if index falls by up to 20%, par plus absolute value of return; otherwise, full exposure to any losses
|
Initial index level: | 3,063.48
|
Trigger level: | 2,450.78, 80% of initial level
|
Pricing date: | May 31
|
Settlement date: | June 3
|
Agent: | HSBC Securities (USA) Inc.
|
Distribution: | Morgan Stanley Wealth Management
|
Fees: | 2.5%
|
Cusip: | 40434N143
|
|
|
|
|
© 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.