Published on 7/7/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $2.22 million trigger jump securities tied to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, July 7 – HSBC USA Inc. price $2.22 million of 0% trigger jump securities due July 6, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will equal par of $10 plus the greater of the return and the upside payment of 66%.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% trigger level.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is handling distribution.
Issuer: | HSBC USA Inc.
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,223,210
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Maturity: | July 6, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index gains, par plus greater of return and 66%; if index falls by up to trigger level, par; otherwise, full exposure to any losses
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Initial index level: | 2,864.74
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Trigger level: | 1,862.08, 65% of initial level
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | HSBC Securities (USA) Inc.
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 40434V566
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