Published on 12/5/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $11.27 million trigger PLUS tied to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Dec. 5 – HSBC USA Inc. priced $11.27 million of 0% trigger Performance Leveraged Upside Securities due April 6, 2021 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 of $10 plus 950% of any index gain, up to a maximum return of 52.5%.
Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if the index finishes below the 85% trigger level.
HSBC Securities (USA) Inc. is the agent, with Morgan Stanley Wealth Management handling distribution.
Issuer: | HSBC USA Inc.
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $11,266,600
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Maturity: | April 6, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 950% of any index gain, up to 52.5% maximum return; par if index falls by up to 15%; otherwise, 1% loss per 1% decline
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Initial level: | 3,569.93
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Trigger level: | 3,034.44, 85% of initial level
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Pricing date: | Nov. 30
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Settlement date: | Dec. 5
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Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
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Fees: | 3%
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Cusip: | 40435H137
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