Published on 6/28/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $2.46 million leveraged performance notes on HSBC Vantage5
By Susanna Moon
Chicago, June 28 – HSBC USA Inc. priced $2.46 million of 0% leveraged performance notes due June 30, 2025 linked to the HSBC Vantage5 Index (USD) Excess Return, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 3.5 times 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: | $2,455,000
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Maturity: | June 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 350% of any index gain; if the index falls, the payout will be par
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Initial level: | 152.196
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Pricing date: | June 22
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Settlement date: | June 29
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 3.5%
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Cusip: | 40435FG35
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