Published on 10/13/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $8.88 million market-linked notes tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Oct. 13 – HSBC USA Inc. priced $8.88 million of 0% market-linked notes due Oct. 12, 2022 linked to the Euro Stoxx 50 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 70%.
If the index falls, the payout will be par.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $8,879,000
|
| Maturity: | Oct. 12, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 70%; if the index falls, par
|
| Initial level: | 3,603.32
|
| Pricing date: | Oct. 6
|
| Settlement date: | Oct. 12
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 3%
|
| Cusip: | 40435FHY6
|
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