By Toni Weeks
San Luis Obispo, Calif., April 21 – HSBC USA Inc. priced $7.7 million of 0% trigger jump securities due April 21, 2017 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial price, the payout at maturity will be par plus the 31.5% upside payment.
Investors will receive par if the share price falls by up to 10% and will be fully exposed to losses from the initial share price if the stock falls by more than 10%.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management will handle distribution.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger jump securities
|
| Underlying stock: | Apple Inc. (Nasdaq: AAPL)
|
| Amount: | $7,701,200
|
| Maturity: | April 21, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If stock finishes at or above its initial price, par plus 31.5%; par if the stock falls by up to 10%; full exposure to any losses if the stock finishes below trigger price
|
| Initial share price: | $124.75
|
| Trigger price: | $112.28, 90% of initial share price
|
| Pricing date: | April 17
|
| Settlement date: | April 22
|
| Agent: | HSBC Securities (USA) Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 40434G593
|
© 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.
