Published on 11/3/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC USA prices $657,000 leveraged buffered notes linked to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., Nov. 3 – HSBC USA Inc. priced $657,000 of 0% leveraged buffered uncapped market participation securities due Oct. 29, 2021 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any index gain.
Investors will receive par if the index falls by up to 25% and will lose 1% for every 1% decline beyond 25%.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
|
Issue: | Leveraged buffered uncapped market participation securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $657,000
|
Maturity: | Oct. 29, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.25 times any index gain; par if index falls by up to 25%; 1% loss for every 1% decline beyond 25%
|
Initial level: | 3,080.98
|
Buffer level: | 75% of initial level
|
Pricing date: | Oct. 26
|
Settlement date: | Oct. 31
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 3.25%
|
Cusip: | 40433UWE2
|
|
© 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.