Published on 5/16/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $2.46 million barrier digital return notes on Russell, S&P
By Susanna Moon
Chicago, May 16 – HSBC USA Inc. priced $2.46 million of 0% barrier digital return notes due June 10, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying index closes at or above its 70% barrier level on each day during the life of the notes, the payout at maturity will be par plus the digital return of 7.25%.
Otherwise, investors will be fully exposed to the decline of the worse performing component.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Barrier digital return notes
|
Underlying indexes: | Russell 2000 index and S&P 500 index
|
Amount: | $2,463,000
|
Maturity: | June 10, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each underlying index always closes at or above its barrier level, par plus 7.25%; otherwise, full exposure to any losses of worse performing index
|
Initial levels: | 1,565.603 for Russell and 2,663.42 for S&P
|
Barrier levels: | 1,095.9221 for Russell and 1,864.394 for S&P; 70% of initial levels
|
Pricing date: | May 4
|
Settlement date: | May 9
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | None
|
Cusip: | 40435FZS9
|
|
|
© 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.