Published on 4/30/2012 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $16.94 million 14-month Accelerated Return Notes tied to MSCI EAFE
By Susanna Moon
Chicago, April 30 - HSBC USA Inc. priced $16.94 million of 0% Accelerated Return Notes due June 28, 2013 linked to the MSCI EAFE index, according to a 424B2 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 22.8%.
Investors will be exposed to any losses.
Bank of America Merrill Lynch will be the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $16,935,930
|
| Maturity: | June 28, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 22.8%; exposure to any losses
|
| Initial level: | 1,513.11
|
| Pricing date: | April 26
|
| Settlement date: | May 3
|
| Underwriter: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 40433K249
|
© 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.
