Published on 12/21/2020 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.44 million capped buffer gears linked to S&P
By Cady Vishniac
Detroit, Dec. 21 – HSBC USA Inc. priced $1.44 million of 0% capped buffer gears due Dec. 20, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus twice any index gain, capped at par plus 14.75%.
Investors will receive par if the index finishes flat or falls by up to 10% of initial level and will lose 1% for every 1% decline beyond 10%.
UBS Financial Services Inc. is the agent and HSBC Securities (USA) Inc. is the distributor.
Issuer: | HSBC USA Inc.
|
Issue: | Capped buffer gears
|
Underlying index: | S&P 500 index
|
Amount: | $1,438,300
|
Maturity: | Dec. 20, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 2 times any index gain, capped at par plus 14.75%; par if index finishes flat or falls by up to 10% of initial levels; 1% loss for every 1% decline beyond 10%
|
Initial level: | 3,694.62
|
Downside threshold: | 3,325.158, 90% of initial level
|
Pricing date: | Dec. 15
|
Settlement date: | Dec. 18
|
Agent: | UBS Financial Services Inc.
|
Distributor: | HSBC Securities (USA) Inc
|
Fees: | 2%
|
Cusip: | 40438Q357
|
|
© 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.