Published on 2/27/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $25.86 million capped gears linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Feb. 27 – HSBC USA Inc. priced $25.86 million of 0% capped gears due April 30, 2018 linked to the Russell 2000 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 of $10 plus three times the index return, subject to a maximum gain of 16.2%. If the index return is negative, investors will be exposed to the index’s decline.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
Issuer: | HSBC USA Inc.
|
Issue: | Capped gears
|
Underlying index: | Russell 2000
|
Amount: | $25,856,640
|
Maturity: | April 30, 2018
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is greater than zero, par plus three times index return, subject to 16.2% maximum gain; if index return is negative, exposure to decline
|
Initial index level: | 1,394.623
|
Pricing date: | Feb. 23
|
Settlement date: | Feb. 28
|
Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
Fees: | 2%
|
Cusip: | 40435C328
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.