Published on 9/11/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $4.58 million 15-month PLUS linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Sept. 11 – HSBC USA Inc. priced $4.58 million of 0% Performance Leveraged Upside Securities due Dec. 5, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum payment of $12.06 per PLUS. Investors will lose 1% for each 1% index decline.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | HSBC USA Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $4,580,110
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Maturity: | Dec. 5, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 300% of index return, capped at $12.06 per PLUS; 1% loss for each 1% index decline
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Initial index level: | 3,421.47
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Pricing date: | Aug. 31
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Settlement date: | Sept. 6
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Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
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Fees: | 2.25%
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Cusip: | 40435G618
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