Published on 1/6/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $5.38 million market-linked notes with leveraged upside tied to Russell
By Wendy Van Sickle
Columbus, Ohio, Jan. 6 – HSBC USA Inc. priced $5.38 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 4, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any index gain, up to a maximum return of 12.2%.
Investors will receive par if the index falls by up to 7.5% and will be exposed to any losses beyond 7.5%.
HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC are the agents.
Issuer: | HSBC USA Inc.
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Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying index: | Russell 2000
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Amount: | $5,378,000
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Maturity: | Jan. 4, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 12.2%; par if index falls by up to 7.5%; otherwise, 1% loss per 1% drop beyond 7.5%
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Initial level: | 1,387.954
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Pricing date: | Jan. 4
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Settlement date: | Jan. 10
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Agents: | HSBC Securities (USA) Inc. and Wells Fargo Securities LLC
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Fees: | 0.24%
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Cusip: | 40433UK54
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