Published on 9/11/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.87 million five-year market-linked notes tied to the Dow
By Marisa Wong
Morgantown, W.Va., Sept. 11 – HSBC USA Inc. priced $1.87 million of 0% market-linked securities with upside participation and contingent downside due Sept. 6, 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 any index gain. If the index finishes flat or falls by up to 43%, 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 – upside participation and contingent downside
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Underlying index: | Dow Jones industrial average
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Amount: | $1,868,000
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Maturity: | Sept. 6, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; if index finishes flat or falls by up to 43%, par; otherwise, investors will be fully exposed to the index decline
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Initial index level: | 21,892.43
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Threshold level: | 12,478.6851, 57% of initial level
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Pricing date: | Aug. 30
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Settlement date: | Sept. 5
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 3.72%
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Cusip: | 40435FEF0
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