Published on 2/29/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3.01 million jump notes linked to WisdomTree Japan fund
By Susanna Moon
Chicago, Feb. 29 – HSBC USA Inc. priced $3.01 million of 0% jump securities due Aug. 29, 2016 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above the initial level, the payout at maturity will be par of $10 plus the 11% upside payment.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent with distribution through Morgan Stanley Wealth Management.
| Issuer: | HSBC USA Inc.
|
| Issue: | Jump securities
|
| Underlying fund: | WisdomTree Japan Hedged Equity fund
|
| Amount: | $3,008,500
|
| Maturity: | Aug. 29, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund gains, par plus 11%; exposure to any losses
|
| Initial share price: | $41.49
|
| Pricing date: | Feb. 24
|
| Settlement date: | Feb. 29
|
| Agent: | HSBC Securities (USA) Inc.
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 1.25%
|
| Cusip: | 40434N689 / US40434N6893
|
|
|
|
|
© 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.
