Published on 8/4/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $4.60 million three-year trigger gears tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Aug. 4 – HSBC USA Inc. priced $4.60 million of 0% trigger gears due July 31, 2020 linked to the Euro Stoxx 50 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 2 times the index return.
Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
Issuer: | HSBC USA Inc.
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Issue: | Trigger gears
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Underlying index: | Euro Stoxx 50 index
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Amount: | $4,603,600
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Maturity: | July 31, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any index gain; par if the index declines by 25% or less; full exposure to the index’s decline from its initial level if it declines by more than 25%
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Initial level: | 3,493.14
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Downside threshold: | 2,619.86, 75% of initial level
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Pricing date: | July 27
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Settlement date: | July 31
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Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40435H533
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