Published on 12/17/2020 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.61 million barrier capped market participation notes on FTSE, Stoxx
By Taylor Fox
New York, Dec. 17 – HSBC USA Inc. priced $1.61 million of 0% barrier capped market participation securities due Dec. 18, 2025 tied to the FTSE 100 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each index is positive, the payout at maturity will be par plus 2 times the return of the lesser performing index, capped at par plus 73.44%.
Investors will receive par either index falls by up to 35%.
Otherwise, investors will be fully exposed to the lesser performing index’s decline from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier capped market participation securities
|
| Underlying indexes: | FTSE 100 index and the Euro Stoxx 50 index
|
| Amount: | $1,607,000
|
| Maturity: | Dec. 18, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of each index is positive, par plus 2 times the return of the lesser performing index, capped at par plus 73.44%; par either index falls by up to 40%; otherwise, full exposure to the lesser performing index’s decline from its initial level
|
| Initial levels: | 6,513.32 for FTSE and 3,521.50 for Stoxx
|
| Barrier levels: | 65% of initial levels
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 18
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 40438CK26
|
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