Published on 6/16/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $3.59 million leveraged market-linked notes tied to Russell
By Susanna Moon
Chicago, June 16 – HSBC USA Inc. priced $3.59 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Dec. 6, 2021 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 130% of any index gain, subject to a maximum return of 47%.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
Wells Fargo Securities LLC is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying index: | Russell 2000
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Amount: | $3,589,000
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Maturity: | Dec. 6, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130% of any index gain, return capped at 47%; par if the index falls by up to 15%; 1% loss for each 1% decline beyond 15%
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Initial index level: | 1,370.208
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Wells Fargo Securities LLC
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Fees: | 3.84%
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Cusip: | 40433U5A0
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