Published on 7/5/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $536,000 buffered digital notes due 2021 tied to Stoxx 50
By Susanna Moon
Chicago, July 5 – HSBC USA Inc. priced $536,000 of 0% buffered digital notes due June 29, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its 85% threshold level, the payout at maturity will be par plus the digital percentage of 20%.
Otherwise, investors will be exposed to any losses beyond the 15% buffer.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Buffered digital notes
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Underlying asset: | Euro Stoxx 50 index
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Amount: | $536,000
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Maturity: | June 29, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or falls by up to 15%, par plus 20%; otherwise, 1% loss per 1% decline beyond 15%
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Initial level: | 3,368.72
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Pricing date: | June 26
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Settlement date: | June 29
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2.8%
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Cusip: | 40435FE52
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