Published on 11/10/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $2.53 million barrier digital return notes on Russell, S&P
By Susanna Moon
Chicago, Nov. 10 – HSBC USA Inc. priced $2.53 million 0% barrier digital return notes due Sept. 10, 2018 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying component component finishes at or above its 72.5% barrier level, the payout at maturity will be par plus the digital return of 5.25%.
Otherwise, investors will be fully exposed to the decline of the worse performing component.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier digital return notes
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $2,533,000
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Maturity: | Sept. 10, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each underlying component finishes at or above barrier, par plus 5.25%; otherwise, full exposure to decline of worse performing index
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Initial levels: | 1,494.91 for Russell and 2,587.84 for S&P
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Barrier levels: | 1,083.80975 for Russell and 1,876.184 for S&P, 72.5% of initial levels
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Pricing date: | Nov. 3
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Settlement date: | Nov. 8
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40435FLC9
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