Published on 7/31/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $302,000 digital plus barrier notes linked to S&P 500
By Susanna Moon
Chicago, July 31 – HSBC USA Inc. priced $302,000 of 0% digital plus barrier notes due July 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 80% barrier level, the payout at maturity will be par plus the greater of any gain and the minimum upside return of 17%.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Digital plus barrier notes
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Underlying index: | S&P 500
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Amount: | $302,000
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Maturity: | July 31, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index finishes at or above the 80% barrier, par plus any gain, floor of 17%; otherwise, full exposure to any losses
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Initial level: | 2,093.25
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Trigger level: | 80% of initial level
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Pricing date: | July 28
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Settlement date: | July 31
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Agents: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40433B3X4
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