Published on 9/7/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $443,000 barrier enhanced participation notes tied to Dow, Russell
By Wendy Van Sickle
Columbus, Ohio, Sept. 7 – HSBC USA Inc. priced $443,000 of 0% barrier enhanced participation notes due Sept. 6, 2022 linked to the Russell 200 index and the Dow Jones Industrial Average, according to a 414B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.7 times any gain of the lesser performing index.
Investors will receive par if the lesser-performing index falls by up to 50% and will be fully exposed to the decline of the lesser performing index if it finishes below the 50% barrier level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier enhanced participation notes
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Underlying indexes: | Dow Jones Industrial Average, Russell 2000
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Amount: | $443,000
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Maturity: | Sept. 6, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.7 times any gain of the lesser performing index; par if the lesser-performing index falls by up to 50%; full exposure to the decline of the lesser performing index if it finishes below the 50% barrier level
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Initial levels: | 21,948.10 for Dow, 1,405.277 for Russell
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Pricing date: | Aug. 31
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Settlement date: | Sept. 6
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.25%
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Cusip: | 40435FDY0
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