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