Published on 6/29/2021 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $10.28 million Accelerated Return Notes tied to VanEck Vectors Gold Miners
By Wendy Van Sickle
Columbus, Ohio, June 29 – HSBC USA Inc. priced $10.28 million of 0% Accelerated Return Notes due Aug. 26, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any ETF gain, up to a maximum payout of par plus 28.85%.
Investors will be exposed to any ETF decline.
BofA Securities, Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Accelerated Return Notes
|
Underlying ETF: | VanEck Vectors Gold Miners
|
Amount: | $10,281,060
|
Maturity: | Aug. 26, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any ETF gain, capped at par plus 28.85%; full exposure to any ETF decline
|
Initial ETF level: | $34.44
|
Final ETF level: | Average of ETF’s closing levels on five trading days ending Aug. 23, 2022
|
Pricing date: | June 24
|
Settlement date: | July 1
|
Agent: | BofA Securities, Inc.
|
Fees: | 1.75%
|
Cusip: | 40439K870
|
|
© 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.