Published on 10/16/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.81 million performance plus securities on Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Oct. 16 - HSBC USA Inc. priced $1.81 million of 0% performance plus securities due Oct. 17, 2016 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 the barrier level, 80% of the initial level, the payout at maturity will be par plus the greater of any gain and the minimum upside return of 14%.
If the index finishes below the barrier level, investors will be fully exposed to losses from the initial index level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Performance plus securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1,805,000
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Maturity date: | Oct. 17, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above barrier level, par plus return, floor of 14%; otherwise, full exposure to losses from initial level
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Initial index level: | 2,974.28
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Barrier level: | 80% of initial level
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Pricing date: | Oct. 11
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Settlement date: | Oct. 16
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.5%
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Cusip: | 40432XLH2
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