Published on 12/12/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $6.31 million barrier digital return notes linked to Amazon, Facebook
By Angela McDaniels
Tacoma, Wash., Dec. 12 – HSBC USA Inc. priced $6.31 million of 0% barrier digital return notes due Dec. 16, 2019 linked to the lesser performing of the common stocks of Amazon.com, Inc. and Facebook, Inc., according to a 424B2 with the Securities and Exchange Commission.
If each stock finishes at or above its barrier price, 60% of its initial share price, the payout will be par plus 31.75%. Otherwise, investors will be fully exposed to the decline of the lesser- performing stock.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier digital return notes
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Underlying stocks: | Amazon.com, Inc.(Symbol: AMZN) | and Facebook, Inc. (Symbol: FB)
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Amount: | $6,305,000
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Maturity: | Dec. 16, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each stock finishes at or above barrier price, par plus 31.75%; otherwise, full exposure to decline of lesser- performing stock
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Initial share price: | $768.66 for Amazon and $119.68 for Facebook
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Barrier prices: | $461.196 for Amazon and $71.808 for Facebook; 60% of initial share prices
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Pricing date: | Dec. 9
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Settlement date: | Dec. 14
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.75%
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Cusip: | 40433UXH4
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