Published on 6/17/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $2.91 million PLUS due 2017 with cap linked to Russell 2000
By Susanna Moon
Chicago, June 17 – HSBC USA Inc. priced $2.91 million of 0% Performance Leveraged Upside Securities due Oct. 4, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum return of 18.43%.
Investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | HSBC USA Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Russell 2000
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Amount: | $2,911,500
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Maturity: | Oct. 4, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 18.43%; exposed to any losses
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Initial level: | 1,149.302
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Pricing date: | June 15
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Settlement date: | June 20
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Agent: | HSBC Securities (USA) Inc.
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 1.75%
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Cusip: | 40434V699
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