Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $30.2 million Leveraged Index Return Notes tied to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, May 29 – HSBC USA Inc. sold $30.2 million of 0% Leveraged Index Return Notes due May 28, 2021 linked to the Euro Stoxx 50, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 148% of any index gain.
Investors will receive par if the index declines up to 25% and will be exposed to declines in the index beyond 25%.
BofA Merrill Lynch is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $30,196,110
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Maturity: | May 28, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 148% of any index gain; par if index falls by up to 25% and exposure to declines in the index beyond 25%
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Initial level: | 3,521.76
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Threshold level: | 2,641.32, 75% of the initial level
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Pricing date: | May 24
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Settlement date: | June 1
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Agent: | BofA Merrill Lynch
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Fees: | 2.25%
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Cusip: | 40435M474
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