Published on 5/27/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $57.4 million notes linked to basket of 19 stocks
By Angela McDaniels
Tacoma, Wash., May 27 – HSBC USA Inc. priced $57.4 million of 0% notes due June 8, 2016 linked to a basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket includes Actavis plc, Akorn, Inc., Anadarko Petroleum Corp., BioMarin Pharmaceutical Inc., Endo International plc, FireEye, Inc., First Republic Bank, Jarden Corp., Jazz Pharmaceuticals plc, Lions Gate Entertainment Corp., Pioneer Natural Resources Co., Rite Aid Corp., Tableau Software, Inc., Time Warner Cable Inc., Valeant Pharmaceuticals International, Inc., Viacom Inc., Workday, Inc. and YUM! Brands, Inc.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the basket return multiplied by (c) 99.55%.
Because of the 99.55% adjustment factor, investors will lose principal if the basket level does not increase by at least 0.45%.
For each stock, the final share price will be the average of its closing share prices on May 27, 2016, May 31, 2016, June 1, 2016, June 2, 2016 and June 3, 2016.
HSBC Securities (USA) Inc. is the underwriter. J.P. Morgan Securities LLC is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Notes
|
| Underlying stocks: | Actavis plc, Akorn, Inc., Anadarko Petroleum Corp., BioMarin Pharmaceutical Inc., Endo International plc, FireEye, Inc., First Republic Bank, Jarden Corp., Jazz Pharmaceuticals plc, Lions Gate Entertainment Corp., Pioneer Natural Resources Co., Rite Aid Corp., Tableau Software, Inc., Time Warner Cable Inc., Valeant Pharmaceuticals International, Inc., Viacom Inc., Workday, Inc. and YUM! Brands, Inc., equally weighted
|
| Amount: | $57,402,000
|
| Maturity: | June 8, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | (a) $1,000 multiplied by (b) one plus basket return multiplied by (c) 99.55%
|
| Pricing date: | May 22
|
| Settlement date: | May 28
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 40433BW79
|
© 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.
