Published on 3/25/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $71,000 leveraged buffered notes linked to high-dividend ETF
By Angela McDaniels
Tacoma, Wash., March 25 – HSBC USA Inc. priced $71,000 of 0% buffered uncapped market participation securities due March 26, 2020 linked to the PowerShares S&P 500 High Dividend Portfolio, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is greater than zero, the payout at maturity will be par plus 122% of the ETF return. Investors will receive par if the ETF falls by 20% or less and will lose 1% for every 1% that the ETF declines beyond 20%.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered uncapped market participation securities
|
| Underlying ETF: | PowerShares S&P 500 High Dividend Portfolio
|
| Amount: | $71,000
|
| Maturity: | March 26, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 122% of any ETF gain; par if ETF falls by up to 20%; 1% loss for every 1% that ETF declines beyond 20%
|
| Initial level: | $33.06
|
| Pricing date: | March 23
|
| Settlement date: | March 26
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 40433BF78
|
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