Published on 11/5/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3.45 million PLUS due 2016 linked to Euro Stoxx 50
By Susanna Moon
Chicago, Nov. 5 – HSBC USA Inc. priced $3.45 million of 0% Performance Leveraged Upside Securities due Feb. 5, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 18%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent with distribution through Morgan Stanley Smith Barney LLC.
Issuer: | HSBC USA Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $3,453,500
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Maturity: | Feb. 5, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of index gain, capped at 18%; exposure to any losses
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Initial index level: | 3,113.32
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Pricing date: | Oct. 31
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Settlement date: | Nov. 5
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Agent: | HSBC Securities (USA) Inc.
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Distributer: | Morgan Stanley Smith Barney LLC
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Fees: | 1.75%
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Cusip: | 40434D343
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