Published on 5/22/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.67 million leveraged tracker notes tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., May 22 - HSBC USA Inc. priced $1.67 million of 0% leveraged tracker notes due May 27, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 276% of the index return. Otherwise, investors will be fully exposed to the index decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged tracker notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1.67 million
|
| Maturity: | May 27, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than zero, par plus 276% of index return; otherwise, investors will be fully exposed to index decline
|
| Initial level: | 3,187.08
|
| Pricing date: | May 21
|
| Settlement date: | May 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 40433BBH0
|
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