Published on 12/1/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $17.88 million Accelerated Return Notes on Russell 2000
By Marisa Wong
Morgantown, W.Va., Dec. 1 – HSBC USA Inc. priced $17.88 million of 0% Accelerated Return Notes due Jan. 24, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 12.75%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Russell 2000
|
| Amount: | $17,879,280
|
| Maturity: | Jan. 24, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, capped at 12.75%; 1% loss for each 1% decline
|
| Initial level: | 1,518.89
|
| Pricing date: | Nov. 21
|
| Settlement date: | Nov. 29
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 40435H343
|
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