Published on 10/29/2021 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $2.02 million digital notes linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Oct. 29 – HSBC USA Inc. priced $2.02 million of 0% digital notes due July 12, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the index is greater than or equal to 87.5% of the initial level, the payout at maturity will be $1,105 for each $1,000 principal amount. Otherwise, investors will lose 1.1429% for every 1% index decline beyond 12.5%.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Digital notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2,023,000
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Maturity: | July 12, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 87.5% of initial level, par plus 10.5%; otherwise, 1.1429% loss for every 1% index decline beyond 12.5%
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Initial index level: | 4,223.97
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Pricing date: | Oct. 26
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Settlement date: | Nov. 2
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40439JQL2
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