Published on 12/14/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $18.38 million Leveraged Index Return Notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Dec. 14 – HSBC USA Inc. sold $18.38 million of 0% Leveraged Index Return Notes due Nov. 27, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 151.1% of any index gain.
Investors will be exposed to any index decline.
BofA Merrill Lynch is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | S&P 500
|
| Amount: | $18,381,310
|
| Maturity: | Nov. 27, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 151.1% of any index gain; exposure to any index decline
|
| Initial level: | 839.30
|
| Pricing date: | Nov. 24
|
| Settlement date: | Dec. 2
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2.5%
|
| Cusip: | 40434E341
|
© 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.
