Published on 6/27/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $12.57 million Leveraged Index Return Notes linked to Russell 1000
By Jennifer Chiou
New York, June 27 - HSBC USA Inc. priced $12,571,000 of 0% Leveraged Index Return Notes due June 29, 2018 tied to the Russell Growth 1000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 140.8% of the index return. Investors will share in any losses.
BofA Merrill Lynch is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | Russell 1000 Growth
|
| Amount: | $12,571,000
|
| Maturity: | June 29, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 140.8% of index return; exposure to losses
|
| Initial index level: | 721.05
|
| Pricing date: | June 25
|
| Settlement date: | July 2
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2.5%
|
| Cusip: | 40433X571
|
© 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.
