Published on 7/25/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $5,000 SelectInvest notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., July 25 – HSBC USA Inc. priced $5,000 of 0% SelectInvest debt securities due July 29, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus the index return, subject to a maximum return of 35%. If the index declines by 25% or less, the payout will be par. If the index declines by more than 25%, investors will lose 1% for every 1% that the index return is below negative 25%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | SelectInvest debt securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5,000
|
| Maturity: | July 29, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than zero, par plus index return, subject to maximum return of 35%; if index declines by 25% or less, par; otherwise, 1% loss for every 1% that index return is below negative 25%
|
| Initial index level: | 3,193.13
|
| Pricing date: | July 23
|
| Settlement date: | July 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3%
|
| Cusip: | 40433BFR4
|
© 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.
