Published on 9/17/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $864,380 three-year trigger gears linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., Sept. 17 – HSBC USA Inc. priced $864,380 of 0% trigger gears due Aug. 31, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.115times any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
Issuer: | HSBC USA Inc.
|
Issue: | Trigger gears
|
Underlying index: | Russell 2000
|
Amount: | $864,380
|
Maturity: | Aug. 31, 2021
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 1.115 times any index gain; par if index falls by up to 25% and full exposure to any losses if index finishes below downside threshold
|
Initial level: | 1,728.422
|
Downside threshold: | 1,296.317, 75% of initial level
|
Pricing date: | Aug. 28
|
Settlement date: | Aug. 31
|
Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
Fees: | None
|
Cusip: | 40435X611
|
|
© 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.