Published on 6/25/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $280,000 two-year SelectInvest notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, June 25 – HSBC USA Inc. priced $280,000 of 0% SelectInvest debt securities due June 27, 2016 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 any index gain, up to a maximum return of 21%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | SelectInvest debt securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $280,000
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| Maturity: | June 27, 2016
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 21%; par if index falls by up to 10%; 1% loss for every 1% drop beyond 10%
|
| Pricing date: | June 20
|
| Settlement date: | June 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.8%
|
| Cusip: | 40433BCB2
|
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