Published on 8/15/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $4.36 million digital barrier notes linked to Euro Stoxx 50
By William Gullotti
Buffalo, N.Y., Aug. 15 – HSBC USA Inc. priced $4.36 million of 0% digital barrier notes due Sept. 30, 2024 linked to the performance of the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes flat or gains, the payout at maturity will be par plus 13.3%.
If the index declines by up to 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% of index decline from its initial level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Digital barrier notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $4.36 million
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Maturity: | Sept. 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes flat or gains, par plus 13.3%; if the index declines by no more than 15%, par; otherwise, full exposure to index decline from initial level
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Initial index level: | 4,288.85
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Barrier level: | 85% of initial level
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Pricing date: | Aug. 8
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Settlement date: | Aug. 11
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2%
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Cusip: | 40447AJJ4
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