Published on 4/29/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $7.29 million market-linked notes on SPDR Euro Stoxx 50 ETF
By Susanna Moon
Chicago, April 29 – HSBC USA Inc. priced $7.29 million of 0% market-linked notes due April 30, 2021 linked to the SPDR Euro Stoxx 50 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, up to a maximum return of 61.5%.
If the index falls, the payout will be par plus the return, with a minimum payout of 95% of par.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Market-linked notes
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Underlying fund: SPDR Euro Stoxx 50 ETF
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Amount: | $7,287,000
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Maturity: | April 30, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, up to cap of 61.5%; if index falls, par plus return with floor of 95% of par
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Initial level: | $34.75
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Pricing date: | April 27
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Settlement date: | April 29
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 3%
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Cusip: | 40433ULF1
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