E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/7/2018 in the Prospect News Structured Products Daily.

New Issue: HSBC prices $4.60 million 15-month PLUS linked to Topix

By Marisa Wong

Morgantown, W.Va., Aug. 7 – HSBC USA Inc. priced $4,599,600 of 0% Performance Leveraged Upside Securities due Nov. 5, 2019 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any index gain, capped at $12.39 per PLUS.

Investors will be fully exposed to any index decline.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:HSBC USA Inc.
Issue:Performance Leveraged Upside Securities
Underlying index:Topix
Amount:$4,599,600
Maturity:Nov. 5, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at $12.39 per PLUS; full exposure to losses
Initial index level:1,753.29
Pricing date:July 31
Settlement date:Aug. 3
Agent:HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
Fees:2.25%
Cusip:40435X751

© 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.