Published on 6/30/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $6.48 million barrier leveraged tracker notes on SPDR Euro Stoxx 50 ETF
By Marisa Wong
Madison, Wis., June 30 – HSBC USA Inc. priced $6.48 million of 0% barrier leveraged tracker notes due July 2, 2018 linked to the SPDR Euro Stoxx 50 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is greater than zero, the payout at maturity will be par plus 155% of the fund return. Investors will receive par if the fund falls by up to 10% and will be fully exposed to losses from the initial level if the fund falls below the 90% barrier level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier leveraged tracker notes
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Underlying ETF: | SPDR Euro Stoxx 50 ETF
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Amount: | $6,482,000
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Maturity: | July 2, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If fund return is greater than zero, par plus 155% of gain; par if fund falls by up to 10%; full exposure to losses from initial level if fund falls below 90% barrier level
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Initial price: | $43.31
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Pricing date: | June 27
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Settlement date: | July 2
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.5%
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Cusip: | 40433BEP9
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