E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/16/2013 in the Prospect News Structured Products Daily.

New Issue: HSBC prices $400,000 five-year return enhanced notes tied to Euro Stoxx

By Susanna Moon

Chicago, July 16 - HSBC USA Inc. priced $400,000 of 0% return enhanced notes due July 18, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2.1 times any gain in the index.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent, and J.P. Morgan Securities LLC is the dealer.

Issuer:HSBC USA Inc.
Issue:Return enhanced notes
Underlying index:Euro Stoxx 50
Amount:$400,000
Maturity:July 18, 2018
Coupon:0%
Price:Par
Payout at maturity:Par plus 210% of any index gain; exposure to any losses
Initial level:2,674.87
Pricing date:July 12
Settlement date:July 17
Agent:HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC as dealer
Fees:3%
Cusip:40432XHW4

© 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.