Published on 6/6/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3.78 million autocallables linked to Euro Stoxx 50
By Susanna Moon
Chicago, June 6 – HSBC USA Inc. priced $3.78 million of 0% autocallable securities due May 10, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of 11.1% per year if the index closes at or above its initial level on any annual determination date.
If the index finishes at or above its initial level, the payout at maturity will be par plus 55.5%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
HSBC Securities (USA) Inc. is the agent with distribution through Morgan Stanley Wealth Management.
Issuer: | HSBC USA Inc.
|
Issue: | Autocallable securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $3,775,000
|
Maturity: | May 10, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index gains, par plus 55.5%; par if index falls by 25% or less; otherwise, full exposure to any losses
|
Call: | At par plus 11.1% if index closes at or above initial level on May 11, 2018, May 6, 2019, May 5, 2020, May 5, 2021 or May 5, 2022
|
Initial index level: | 3,658.79
|
Downside threshold: | 2,744.09, 75% of initial level
|
Pricing date: | May 5
|
Settlement date: | May 10
|
Agent: | HSBC Securities (USA) Inc.
|
Distribution: | Morgan Stanley Wealth Management
|
Fees: | 2.5%
|
Cusip: | 40433U5F9
|
|
|
© 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.