Published on 1/4/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $2.25 million trigger PLUS linked to WisdomTree Japan fund
By Devika Patel
Knoxville, Tenn., Jan. 4 – HSBC USA Inc. priced $2.25 million of 0% trigger Performance Leveraged Upside Securities due Jan. 4, 2019 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 150% of the return, up to a maximum return of 40%.
Investors will receive par if the fund declines by 20% or less and will be fully exposed to the fund’s decline from its initial level if it falls by more than 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying fund: | WisdomTree Japan Hedged Equity fund
|
| Amount: | $2,254,950
|
| Maturity: | Jan. 4, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par plus 150% of return, cap of 40%; 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: | $50.62
|
| Trigger price: | $40.50, 80% of the initial price
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 5
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 40434K255
|
© 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.
