Published on 7/30/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $809,000 market participation notes on PowerShares S&P 500 Low Volatility
By Toni Weeks
San Luis Obispo, Calif., July 30 – HSBC USA Inc. priced $809,000 of 0% leveraged buffered uncapped market participation securities due July 28, 2020 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.17 times any gain in the fund. Investors will receive par if the share price falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
|
| Underlying ETF: | PowerShares S&P 500 Low Volatility Portfolio ETF
|
| Amount: | $809,000
|
| Maturity date: | July 28, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.17 times any ETF gain; par if price falls by up to 15%; 1% loss for every 1% decline beyond 15%
|
| Initial share price: | $37.74
|
| Buffer amount: | 15%
|
| Pricing date: | July 28
|
| Settlement date: | July 31
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 3.7%
|
| Cusip: | 40433B3C0
|
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