Published on 12/7/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $4 million trigger PLUS due 2021 tied to S&P 500 index
New York, Dec. 7 – HSBC USA Inc. priced $4.00 million of 0% trigger Performance Leveraged Upside Securities due Dec. 3, 2021 linked to the S&P 500 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 147% of the index return. Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 25%.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is handling distribution.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $3,995,450
|
| Maturity: | Dec. 3, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 147% of index return; par if final index level is less than or equal to initial level but greater than trigger level; full exposure to index’s decline from initial level if final level is less than trigger level
|
| Initial index level: | 2,080.41
|
| Trigger level: | 1,560.31, 75% of the initial price
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 3
|
| Agent: | HSBC Securities (USA) Inc.
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3.5%
|
| Cusip: | 40434K495
|
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