By Toni Weeks
San Luis Obispo, Calif., June 5 – HSBC USA Inc. priced $2 million of 0% trigger Performance Leveraged Upside Securities due Jan. 3, 2018 linked to an equally weighted basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index, the Euro Stoxx 50 index and the WisdomTree Japan Hedged Equity fund.
If the basket return is positive, the payout at maturity will be par plus 200% of the basket gain, subject to a maximum payment of $14.30 per $10.00 note.
If the final basket level is greater than or equal to the trigger level, 90% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the basket decline.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying basket: | S&P 500 index, Euro Stoxx 50 index and WisdomTree Japan Hedged Equity fund, equally weighted
|
| Amount: | $2,006,370
|
| Maturity: | Jan. 3, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus two times any basket gain, up to a maximum payment of $14.30 per note; par if basket falls by up to 10% and full exposure to losses if basket drops below trigger level
|
| Initial levels: | 1,960.23 for S&P, 3,228.24 for Euro Stoxx, $49.36 for WisdomTree Japan
|
| Initial basket level: | 100
|
| Trigger level: | 90% of initial basket level
|
| Pricing date: | June 30
|
| Settlement date: | July 3
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3%
|
| Cusip: | 40434C451
|
© 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.
