Published on 11/2/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $880,000 5.5-year market-linked notes tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Nov. 2 – HSBC USA Inc. priced $880,000 of 0% market-linked notes due April 28, 2023 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 1.25 times any index gain.
If the index falls, the payout will be par.
HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $880,000
|
| Maturity: | April 28, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.25 times any index gain; if the index falls, par
|
| Initial level: | 3,652.23
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 31
|
| Agents: | HSBC Securities (USA) Inc. and UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 40435FJB4
|
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