New Issue: HSBC sells $2.94 million trigger PLUS tied to Euro Stoxx 50

By Susanna Moon

Chicago, Aug. 8 – HSBC USA Inc. priced $2.94 million of 0% trigger Performance Leveraged Upside Securities due Aug. 3, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 225% of any index gain.

Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% trigger level.

HSBC Securities (USA) Inc. is the agent, with Morgan Stanley Wealth Management handling distribution.

Issuer:	HSBC USA Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50 index
Amount:	$2,942,900
Maturity:	Aug. 3, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 225% of any index gain; par if index falls by up to 35%; Otherwise, 1% loss per 1% decline
Initial level:	3,449.36
Trigger level:	2,242.08, 65% of initial level
Pricing date:	July 31
Settlement date:	Aug. 3
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
Fees:	3%
Cusip:	40435G204

© 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.