Published on 2/23/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $59.67 million Accelerated Return Notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Feb. 23 – HSBC USA Inc. priced $59.67 million of 0% Accelerated Return Notes due April 26, 2019 linked to the Euro Stoxx 50 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 23.05%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $59,669,980
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Maturity: | April 26, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any index gain, capped at 23.05%; 1% loss for each 1% decline
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Initial level: | 3,431.99
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Pricing date: | Feb. 22
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Settlement date: | March 1
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 40435J356
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