By Marisa Wong
Madison, Wis., Oct. 20 - HSBC USA Inc. priced $6 million of buffered notes due Oct. 24, 2012 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
Each note pays a coupon of $63 at maturity.
If the fund return is greater than negative 20%, the payout at maturity will be par. Investors will lose 1% for every 1% decline beyond the 20% buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered notes
|
Underlying ETF: | iShares MSCI EAFE index fund
|
Amount: | $6 million
|
Maturity: | Oct. 24, 2012
|
Coupon: | $63 per note, payable at maturity
|
Price: | Par
|
Payout at maturity: | If fund gains or falls by up to 20%, par; 1% loss for every 1% drop beyond buffer
|
Initial levels: | $52.12 for iShares MSCI EAFE
|
Pricing date: | Oct. 18
|
Settlement date: | Oct. 21
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.25%
|
Cusip: | 4042K1QQ9
|
© 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.