Published on 7/10/2020 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $182,000 digital barrier notes linked to S&P, Russell
By Sarah Lizee
Olympia, Wash., July 10 – HSBC USA Inc. priced $182,000 of 0% digital barrier notes due Jan. 7, 2022 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above 80% of its initial level, the payout at maturity will be par plus 17%.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Digital barrier notes
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Underlying index: | S&P 500, Russell 2000
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Amount: | $182,000
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Maturity: | Jan. 7, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index closes at or above 80% of its initial level, par plus 17%; otherwise, investors will be fully exposed to any losses
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Initial levels: | 3,115.86 for S&P, 1,427.314 for Russell
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Barrier levels: | 80% of initial levels
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Pricing date: | July 1
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Settlement date: | July 7
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40438CMT5
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