By Angela McDaniels
Tacoma, Wash., Dec. 4 – HSBC USA Inc. priced $9.52 million of 0% dual directional trigger jump securities due June 3, 2020 linked to the SPDR S&P Bank exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par of $10 plus 17%.
If the final share price is less than the initial share price but is greater than or equal to the trigger price, 80% of the initial share price, the payout will be par plus the absolute value of the ETF return.
If the final share price is less than the trigger price, investors will lose 1% for every 1% that the ETF declines from its initial share price.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | HSBC USA Inc.
|
| Issue: | Dual directional trigger jump securities
|
| Underlying ETF: | SPDR S&P Bank ETF
|
| Amount: | $9,517,000
|
| Maturity: | June 3, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If ETF finishes at or above initial share price, par plus 17%; if ETF falls but finishes at or above trigger price, par plus absolute value of ETF return; if ETF finishes below trigger price, 1% loss for every 1% that ETF declines from initial share price
|
| Initial share price: | $47.45
|
| Trigger share price: | $37.96, 80% of initial share price
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agent: | HSBC Securities (USA) Inc.
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 40435J851
|
© 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.
