Published on 2/25/2020 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $2.29 million leveraged capped basket-linked notes due 2021
By Wendy Van Sickle
Columbus, Ohio, Feb. 25 – HSBC USA Inc. priced $2.29 million of leveraged capped basket-linked notes due Dec. 15, 2021, according to a 424B2 filed with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 3 times the basket return, subject to a maximum payout of $1,601.80 per $1,000 of notes.
Investors will be exposed to any decline in the basket return.
HSBC Securities (USA) LLC is the distributor.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged capped basket-linked notes
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Basket components: | Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $2,288,000
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Maturity: | Dec. 15, 2021
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the index return is positive, par plus 300% of the basket return, capped at $1,601.80 per $1,000 of notes; if the basket declines, full exposure to loss
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Initial levels: | 3,800.38 for Euro Stoxx, 1,674.00 for Topix, 7,403.92 for FTSE, 11,110.78 for Swiss Market, 7,138.962 for S&P/ASX
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Pricing date: | Feb. 21
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Settlement date: | Feb. 25
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Agent: | HSBC Securities (USA) LLC
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Fees: | None
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Cusip: | 40435U6N9
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