Published on 7/20/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $190,000 leveraged market-linked notes tied to the Dow
By Marisa Wong
Morgantown, W.Va., July 20 – HSBC USA Inc. priced $190,000 of 0% market-linked securities with leveraged upside participation and contingent downside due July 5, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.23 times any index gain. If the index finishes flat or falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to the index decline.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Market-linked securities – leveraged upside participation and contingent downside
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Underlying index: | Dow Jones industrial average
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Amount: | $190,000
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Maturity: | July 5, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.23 times any index gain; if index finishes flat or falls by up to 30%, par; otherwise, investors will be fully exposed to the index decline
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Initial index level: | 21,287.03
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Threshold level: | 14,900.921, 70% of initial level
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Pricing date: | June 29
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Settlement date: | July 5
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 4.35%
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Cusip: | 40433U7B6
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