Published on 8/7/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $3.63 million trigger step notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Aug. 7 – HSBC USA Inc. priced $3.63 million of 0% trigger step securities due July 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the 52% step return.
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.
UBS Financial Services Inc. and HSBC Securities (USA) Inc are the agents.
Issuer: | HSBC USA Inc.
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Issue: | Trigger step securities
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Underlying index: | Euro Stoxx 50
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Amount: | $3,630,400
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Maturity: | July 30, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index gains, par plus greater of return and 52%; par if the index falls by up to 25%; full exposure to any losses if the index finishes below the trigger level
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Initial level: | 3,493.14
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Trigger level: | 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: | 3%
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Cusip: | 40435G303
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