Published on 2/9/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $930,000 digital dual directional barrier notes linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Feb. 9 – HSBC USA Inc. priced $930,000 of 0% digital dual directional barrier notes due Aug. 12, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 25%, the payout at maturity will be par plus the index return, subject to a minimum return of 17% and a maximum return of 58%. If the index return is less than negative 25%, investors will be fully exposed to the decline.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Digital dual directional barrier notes
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Underlying index: | Euro Stoxx 50
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Amount: | $930,000
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Maturity: | Aug. 12, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is greater than or equal to negative 25%, par plus the index return, subject to a minimum return of 17% and a maximum return of 58%; if index return is less than negative 25%, full exposure to index decline
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Initial index level: | 2,879.39
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Pricing date: | Feb. 5
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Settlement date: | Feb. 10
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2%
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Cusip: | 40433UGM2
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