Published on 4/20/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $2.68 million market plus notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., April 20 – HSBC USA Inc. priced $2.68 million of 0% market plus notes due Oct. 1, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index return and 16.7%.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.
HSBC Securities (USA) Inc. is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as the placement agents.
Issuer: | HSBC USA Inc.
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Issue: | Market plus notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2,675,000
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Maturity: | Oct. 1, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of the gain and 16.7%; if the index falls by up to 30%, par; otherwise, full exposure to index’s decline from initial level
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Initial index level: | 3,361.50
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Pricing date: | March 29
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Settlement date: | April 4
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Agent: | HSBC Securities (USA) Inc. with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
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Fees: | 1.25%
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Cusip: | 40435FXY8
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