Published on 9/18/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $3.73 million six-year market-linked notes tied to Topix
By Marisa Wong
Morgantown, W.Va., Sept. 18 – HSBC USA Inc. priced $3.73 million of 0% capped market-linked securities due Sept. 14, 2023 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at 175%. If the index finishes flat or falls, the payout will be par.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | HSBC USA Inc.
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Issue: | Capped market-linked securities
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Underlying index: | Topix index
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Amount: | $3.73 million
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Maturity: | Sept. 14, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 175%; if index finishes flat or falls, par
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Initial index level: | Average of index closing levels during one-month period from pricing date to and including Oct. 11
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Pricing date: | Sept. 11
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Settlement date: | Sept. 14
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Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
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Fees: | 1.75%
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Cusip: | 40435G295
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