Published on 12/2/2020 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $28.06 million Accelerated Return Notes on Russell 2000
By Cady Vishniac
Detroit, Dec. 2 – HSBC USA Inc. priced $28.06 million of 0% Accelerated Return Notes due Jan. 28, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 17.3%.
Investors will be exposed to any losses.
BofA Securities, Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Accelerated Return Notes
|
Underlying index: | Russell 2000
|
Amount: | $28,062,590
|
Maturity: | Jan. 28, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus triple any index gain, capped at par plus 17.3%; 1% loss for each 1% decline
|
Initial level: | 1,853.532
|
Final level: | Average of index closing levels for each of the five trading days ending Jan. 25, 2022
|
Pricing date: | Nov. 24
|
Settlement date: | Dec. 2
|
Agent: | BofA Securities, Inc.
|
Fees: | 1.75%
|
Cusip: | 40438Q597
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.