Published on 3/16/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $846,000 digital dual directional barrier notes on S&P, Russell
By Susanna Moon
Chicago, March 16 – HSBC USA Inc. priced $846,000 of 0% digital dual directional barrier securities due March 6, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If each index finishes at or above its 70% barrier level, the payout will be par plus the digital upside return of 27%.
Otherwise, investors will lose 1% for each 1% decline of worse performing index.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
|
Issue: | Digital dual directional barrier securities
|
Underlying indexes: | S&P 500 and Russell 2000
|
Amount: | $846,000
|
Maturity: | March 6, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index gains or either index falls by up to 30%, par plus 27%; otherwise, 1% loss per 1% drop of worse performing index
|
Initial levels: | 1,512.446 for Russell and 2,713.83 for S&P
|
Barrier levels: | 1,899.68 for S&P, 1,058.71 for Russell; 70% of initial levels
|
Pricing date: | Feb. 28
|
Settlement date: | March 5
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.625%
|
Cusip: | 40435FSH1
|
|
|
© 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.