Published on 7/26/2021 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $225,000 buffered digital notes linked to S&P, Nasdaq
By William Gullotti
Buffalo, N.Y., July 26 – HSBC USA Inc. priced $225,000 of 0% buffered digital notes due July 19, 2024 linked to the least performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the least-performing index is greater than or equal to 90% of its initial level, the payout at maturity will be par plus 15.75%. Otherwise, investors will lose 1% for every 1% that the least-performing index declines beyond 10%.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered digital notes
|
Underlying indexes: | S&P 500 index, Nasdaq-100 index
|
Amount: | $225,000
|
Maturity: | July 19, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If all indexes finish at or above 90% of initial level, par plus 15.75%; otherwise, 1% loss for every 1% decline in least-performing index beyond 10%
|
Initial index level: | 4,374.3 for S&P, 14,900.44 for Nasdaq
|
Buffer levels: | 90% of initial level
|
Pricing date: | July 14
|
Settlement date: | July 19
|
Underwriter: | HSBC Securities (USA) Inc.
|
Fees: | 2.025%
|
Cusip: | 40439JDT9
|
© 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.