Published on 8/31/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $500,000 barrier enhanced participation notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Aug. 31 – HSBC USA Inc. priced $500,000 of 0% barrier enhanced participation notes due Aug. 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.65 times any index gain. Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if the index falls by more than 25%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier enhanced participation notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $500,000
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| Maturity: | Aug. 31, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.65 times any index gain; par if index falls by up to 25%; full exposure to losses from initial level if index falls by more than 25%
|
| Initial index level: | 3,170.73
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.35%
|
| Cusip: | 40433B7K8
|
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