Published on 2/25/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $35.38 million market-linked step up notes on Euro Stoxx
New York, Feb. 25 - HSBC USA Inc. priced $35.38 million of 0% market-linked step up notes due Feb. 27, 2015 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline in the index beyond 5%.
Merrill Lynch & Co. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Market-linked step up notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $35,384,250
|
| Maturity: | Feb. 27, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if index falls by up to 5%; 1% loss for every 1% decline beyond 5%
|
| Initial index level: | 2,579.76
|
| Pricing date: | Feb. 21
|
| Settlement date: | Feb. 28
|
| Underwriters: | Merrill Lynch & Co.
|
| Fees: | 2%
|
| Cusip: | 40433T349
|
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