Published on 6/5/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.07 million contingent buffered notes tied to Nvidia
By Wendy Van Sickle
Columbus, Ohio, June 5 – HSBC USA Inc. priced $1.07 million of 0% contingent buffered notes due June 12, 2019 linked to Nvidia Corp. stock, according to a 424B2 filed with the Securities and Exchange Commission.
If the stock finishes at or above its 68.1% threshold, the payout at maturity will be par plus 12%.
If the stock falls by more than the contingent buffer, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
Issuer: | HSBC USA Inc.
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Issue: | Contingent buffered notes
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Underlying asset: | Nvidia Corp.
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Amount: | $1,065,000.00
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Maturity: | June 12, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock gains or falls by up to 31.9%, par plus 12%, otherwise, 1% loss for each 1% decline
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Initial level: | $249.28
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Contingent buffer: | 31.9%
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Pricing date: | May 25
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Settlement date: | May 31
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Agent: | HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
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Fees: | 1%
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Cusip: | 40435FF51
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