Published on 10/11/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $4.76 million Leveraged Index Return Notes tied to three indexes
By Wendy Van Sickle
Columbus, Ohio, Oct. 11 – HSBC USA Inc. sold $4.76 million of 0% Leveraged Index Return Notes due Sept. 27, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket will be comprised of the S&P 500 index with a 33.34% weight, the Euro Stoxx 50 index with a 33.33% weight and the MSCI Emerging Markets index with a 33.33% weight.
The payout at maturity will be par of $10 plus 156% of any basket gain.
Investors will be fully exposed to any decline in the basket.
BofA Merrill Lynch is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged Index Return Notes
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Underlying indexes: | S&P 500 with a 33.34% weight, Euro Stoxx 50 with a 33.33% weight, MSCI Emerging Markets with a 33.33% weight
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Amount: | $4,763,000
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Maturity: | Sept. 27, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 156% of any basket gain; full exposure to any decline in basket
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Initial levels: | 2,150.49 for S&P, 3,029.50 for Stoxx, 915.61 for MSCI EM
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Pricing date: | Oct. 4
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Settlement date: | Oct. 11
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Agent: | BofA Merrill Lynch
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Fees: | 2.25%
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Cusip: | 40435B726
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