Published on 9/6/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $2.72 million barrier enhanced notes tied to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Sept. 6 – HSBC USA Inc. priced $2.72 million of 0% barrier enhanced participation notes due March 1, 2021 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 plus 184.5% of the index return. Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial index level if the index falls by more than 25%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Barrier enhanced participation notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $2.72 million
|
Maturity: | March 1, 2021
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | Par plus 1.845 times any index gain; par if index falls by up to 25%; otherwise, full exposure to decline
|
Initial level: | 3,421.03
|
Pricing date: | Aug. 28
|
Settlement date: | Aug. 31
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 2.75%
|
Cusip: | 40435FED5
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.