Published on 9/8/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1 million barrier market participation notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Sept. 8 – HSBC USA Inc. priced $1 million of 0% barrier market participation notes due March 8, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus the index return up to a maximum return of 15%. Investors will receive par if the index falls by 30% or less and will be fully exposed to the index’s decline if it falls by more than 30%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier market participation notes
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Underlying index: | S&P 500
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Amount: | $1 million
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Maturity date: | March 8, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain up to maximum return of 15%; if index falls by up to 30%, par; if index falls by more than 30%, full exposure to losses
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Initial level: | 2,179.98
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Pricing date: | Sept. 2
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Settlement date: | Sept. 8
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.25%
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Cusip: | 40433UVD5
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