Published on 12/28/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $576,000 performance notes tied to HSBC Vantage5 index
By Marisa Wong
Morgantown, W.Va., Dec. 28 – HSBC USA Inc. priced $576,000 of 0% performance notes due Dec. 28, 2020 linked to the HSBC Vantage5 Index (USD) Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain. If the index falls, the payout will be par.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
|
Issue: | Performance notes
|
Underlying index: | HSBC Vantage5 Index (USD) Excess Return
|
Amount: | $576,000
|
Maturity: | Dec. 28, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain; if the index falls, the payout will be par
|
Initial level: | 148.363
|
Pricing date: | Dec. 20
|
Settlement date: | Dec. 26
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.5%
|
Cusip: | 40435FMM6
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.