Published on 5/11/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $5.19 million Accelerated Return Notes tied to MSCI Brazil
New York, May 11 – HSBC USA Inc. priced $5.19 million of 0% Accelerated Return Notes due April 27, 2018 tied to the MSCI Brazil 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 plus 300% of the index return, subject to a maximum payout of par plus 56.1%. Investors will lose 1% for every 1% decline in the index.
Merrill Lynch & Co. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | MSCI Brazil Index
|
| Amount: | $5,194,000
|
| Maturity: | April 27, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 56.1%; 1% loss for every 1% decline
|
| Initial index level: | 1,790.60
|
| Pricing date: | May 7
|
| Settlement date: | May 14
|
| Underwriters: | Merrill Lynch & Co.
|
| Fees: | 2.25%
|
| Cusip: | 40434G494
|
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