Published on 5/4/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $26.94 million PLUS linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., May 4– HSBC USA Inc. priced $26.94 million of 0% Performance Leveraged Upside Securities due Aug. 3, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 20%. If the index return is negative, investors will have one-to-one exposure to the decline.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
Issuer: | HSBC USA Inc.
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $26,940,690
|
Maturity: | Aug. 3, 2016
|
Coupon: | 0%
|
Price: | Par of $10.00
|
Payout at maturity: | If index return is positive, par plus 300% of index return, subject to 20% maximum return; if index return is negative, one-to-one exposure to decline
|
Initial index level: | 3,615.59
|
Pricing date: | April 30
|
Settlement date: | May 5
|
Agent: | HSBC Securities (USA) Inc.
|
Distribution: | Morgan Stanley Wealth Management
|
Fees: | 2.25%
|
Cusip: | 40434G692
|
© 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.