Published on 8/11/2020 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.05 million leveraged buffered market participation notes on indexes
By Kiku Steinfeld
Chicago, Aug. 11 – HSBC USA Inc. priced $1.05 million of 0% leveraged buffered uncapped market participation securities due Aug. 5, 2022 linked to the Dow Jones industrial average, the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 160% of any gain in the least performing index.
Investors will receive par if the least performing index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged buffered uncapped market participation securities
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Underlying indexes: | Dow Jones industrial average, S&P 500 index, Nasdaq-100 index and Russell 2000 index
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Amount: | $1.05 million
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Maturity date: | Aug. 5, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.6 times any gain in least performing index; par if least performing index falls by up to 10%; 1% loss for every 1% drop beyond 10%
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Initial levels: | 3,327.77 for S&P, 1,546.237 for Russell, 11,125.44 for Nasdaq and 27,201.52 for Dow
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Buffer levels: | 90% of initial levels
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Pricing date: | Aug. 5
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Settlement date: | Aug. 10
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.5%
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Cusip: | 40438CSV4
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