New Issue: HSBC prices $3.64 million trigger PLUS on MSCI emerging markets ETF

By Tali Rackner

Norfolk, Va., Dec. 23 – HSBC USA Inc. priced $3.64 million of 0% trigger PLUS due Dec. 21, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 200% of the return, up to a maximum return of 35.5%.

Investors will receive par if the fund declines by 15% or less and will be fully exposed to the fund’s decline from its initial level if it falls by more than 15%.

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 fund:	iShares MSCI Emerging Markets exchange-traded fund
Amount:	$3,637,000
Maturity:	Dec. 21, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund return is positive, par plus 200% of return, cap of 35.5%; par if final share price is less than or equal to initial level but greater than trigger level; full exposure to fund’s decline from initial level if final level is less than trigger level
Initial price:	$32.65
Trigger price:	$27.75, 85% of the initial price
Pricing date:	Dec. 18
Settlement date:	Dec. 24
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	40434E283

© 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.