Published on 5/7/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $45,000 leveraged performance notes on HSBC Vantage5
By Marisa Wong
Morgantown, W.Va., May 7 – HSBC USA Inc. priced $45,000 of 0% leveraged performance notes due May 1, 2023 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 215% of any index gain. If the index falls, the payout will be par.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged performance notes
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Underlying index: | HSBC Vantage5 Index (USD) Excess Return
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Amount: | $45,000
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Maturity: | May 1, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.15 times any index gain; if the index falls, the payout will be par
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Initial level: | 149.863
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Pricing date: | April 25
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Settlement date: | April 30
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 3.75%
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Cusip: | 40435FXS1
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