Published on 8/30/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $2.19 million buffered market participation notes on S&P 500
By Susanna Moon
Chicago, Aug. 30 - HSBC USA Inc. priced $2.19 million of 0% buffered market participation securities due Sept. 4, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 50%.
Investors will receive par if the index falls by up to 42% and will lose 1% for every 1% decline beyond 42%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered market participation securities
|
Underlying index: | S&P 500
|
Amount: | $2,187,000
|
Maturity date: | Sept. 4, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain, capped at 50%; par if index falls by up to 42%; 1% loss for every 1% decline beyond 42%
|
Initial index level: | 1,634.96
|
Pricing date: | Aug. 28
|
Settlement date: | Sept. 3
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | None
|
Cusip: | 40432XK59
|
© 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.