Published on 7/21/2021 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $6.25 million Accelerated Return Notes on stock basket
By Wendy Van Sickle
Columbus, Ohio, July 21 – HSBC USA Inc. priced $6.25 million of 0% Accelerated Return Notes due July 29, 2022 tied to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the common stocks of Home Depot, Inc., Target Corp. and TJX Cos., Inc.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 17.7%.
Investors will be exposed to any losses.
BofA Securities, Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Accelerated Return Notes
|
Basket components: | Home Depot, Inc., Target Corp. and TJX Cos., Inc, equal weights
|
Amount: | $6,249,580
|
Maturity: | July 29, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus triple any basket gain, capped at 17.7%; 1% loss for each 1% decline
|
Initial index levels: | $318.77 for Home Depot, $227.37 for Target and $67.24 for TJX
|
Pricing date: | May 27
|
Settlement date: | June 4
|
Agent: | BofA Securities, Inc.
|
Fees: | 1.75%
|
Cusip: | 40438U176
|
|
© 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.