By Marisa Wong
Morgantown, W.Va., Oct. 7 – HSBC USA Inc. priced $1.47 million of 0% trigger jump securities due Oct. 4, 2018 linked to the Energy Select Sector SPDR fund, according to an FWP with the Securities and Exchange Commission.
If the fund finishes at or above its initial level, the payout at maturity will be par plus the upside payment of 34.5%.
Investors will receive par if the fund falls by up to 20% and will be fully exposed to losses if the fund finishes below the 80% trigger price.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management will handle distribution.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger jump securities
|
| Underlying fund: | Energy Select Sector SPDR fund
|
| Amount: | $1,470,780
|
| Maturity: | Oct. 4, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the fund finishes at or above its initial level, par plus 34.5%; par if the fund falls by up to 20%; full exposure to losses if the fund finishes below trigger price
|
| Initial price: | $61.20
|
| Trigger price: | $48.96, 80% of initial price
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 5
|
| Underwriter: | HSBC Securities (USA) Inc. with distribution through Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 40434K826
|
|
|
© 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.
