Published on 6/17/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.95 million buffered market participation notes on S&P 500
By Devika Patel
Knoxville, Tenn., June 17 – HSBC USA Inc. priced $1.95 million of 0% buffered market participation securities with a cap due June 21, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain, subject to a maximum payout of 14%.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered market participation securities
|
Underlying index: | S&P 500
|
Amount: | $1.95 million
|
Maturity: | June 21, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus index gain, capped at 14%; par if index falls by up to 20%, otherwise 1% loss for each 1% decline beyond 20%
|
Initial level: | 2,077.99
|
Pricing date: | June 16
|
Settlement date: | June 21
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.1%
|
Cusip: | 40433UJZ0
|
|
|
© 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.