By Wendy Van Sickle
Columbus, Ohio, Aug. 5 – HSBC USA Inc. priced $2.78 million of 0% trigger jump securities due Aug. 4, 2021 linked to the iShares MSCI Brazil exchange-traded fund, according to an FWP with the Securities and Exchange Commission.
If the fund finishes at or above its initial level, the payout at maturity will be par plus the upside payment of 33.74%.
Investors will receive par if the fund falls by up to 10% and will be fully exposed to losses if the fund finishes below the 90% trigger price.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management will handle distribution.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger jump securities
|
| Underlying fund: | iShares MSCI Brazil exchange-traded fund
|
| Amount: | $2,776,550
|
| Maturity: | Aug. 4, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the fund finishes at or above its initial level, par plus 33.74%; par if the fund falls by up to 10%; full exposure to losses if the fund finishes below trigger price
|
| Initial price: | $44.50
|
| Trigger price: | $40.05, 90% of initial price
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Underwriter: | HSBC Securities (USA) Inc. with distribution through Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 40436B394
|
|
|
© 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.
