Published on 8/5/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3.39 million PLUS due 2015 linked to WisdomTree Japan
By Jennifer Chiou
New York, Aug. 5 – HSBC USA Inc. priced $3,394,700 of 0% Performance Leveraged Upside Securities due Sept. 8, 2015 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, capped at 12.5%.
Investors will share in any losses.
HSBC Securities (USA) Inc. is the agent with distribution through Morgan Stanley Wealth Management.
Issuer: | HSBC USA Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying fund: WisdomTree Japan Hedged Equity fund
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Amount: | $3,394,700
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Maturity: | Sept. 8, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any fund gain, capped at 12.5%; full exposure to losses
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Initial price: | $49.97
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Pricing date: | July 31
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Settlement date: | Aug. 5
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Agent: | HSBC Securities (USA) Inc.
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2%
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Cusip: | 40434C261
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