Published on 7/10/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $710,000 autocallable return notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., July 10 – HSBC USA Inc. priced $710,000 of 0% autocallable return notes due July 10, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium if the index closes at or above its initial level on July 20, 2018, June 25, 2019 or July 7, 2020. The call premium is 12.5% for the first observation date, 25% for the second observation date and 37.5% for the final observation date.
If the notes are not called, the payout at maturity will be par unless the index finishes below the trigger level, 80% of the initial level, in which case investors will lose 1% for every 1% that the index declines from its initial level.
HSBC Securities (USA) Inc. is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable return notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $710,000
|
| Maturity: | July 10, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless index finishes below trigger level, in which case 1% loss for every 1% that index declines from initial level
|
| Call: | Automatically at par plus call premium if index closes at or above initial level on July 20, 2018, June 25, 2019 or July 7, 2020; call premium is 12.5% for first observation date, 25% for second observation date and 37.5% for final observation date
|
| Initial index level: | 3,463.84
|
| Trigger level: | 2,771.072, 80% of initial level
|
| Pricing date: | July 7
|
| Settlement date: | July 12
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 40435FCD7
|
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