Published on 2/28/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $5 million buffered digital notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Feb. 28 – HSBC USA Inc. priced $5 million of 0% notes due Feb. 28, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
If the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 16.6%.
If the index falls by more than 10%, investors will lose 1% for each 1% decline beyond 10%.
BofA Merrill Lynch is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $5 million
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Maturity: | Feb. 28, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index finishes at or above 90% of its initial level, par plus 16.6%; 1% loss for each 1% decline beyond 10%
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Initial level: | 3,431.99
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Threshold level: | 3,088.79, 90% of initial level
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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: | 1.5%
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Cusip: | 40435M706
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