Published on 7/14/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.85 million market-linked notes tied to FTSE 100 index
By Marisa Wong
Morgantown, W.Va., July 14 – HSBC USA Inc. priced $1.85 million of 0% market-linked notes due July 1, 2022 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | FTSE 100
|
| Amount: | $1.85 million
|
| Maturity: | July 1, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; if index finishes flat or falls, par
|
| Initial index level: | 7,387.80
|
| Pricing date: | June 28
|
| Settlement date: | July 3
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40435FAQ0
|
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