Published on 7/11/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $222,000 buffered market notes on iShares U.S. Real Estate
By Susanna Moon
Chicago, July 11 – HSBC USA Inc. priced $222,000 of 0% buffered market participation securities due Sept. 28, 2018 tied to the iShares U.S. Real Estate exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, capped at 9%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered market participation securities
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Underlying fund: | iShares U.S. Real Estate
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Amount: | $222,000
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Maturity: | Sept. 28, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any fund gain, capped at 9%; par if fund falls by up to 10%; 1% loss for each 1% decline beyond 10%
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Initial level: | $80.54
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.275%
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Cusip: | 40433U6T8
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