Published on 12/6/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1 million buffered uncapped market participation notes on Stoxx
By Sarah Lizee
Olympia, Wash., Dec. 6 – HSBC USA Inc. priced $1 million of 0% buffered uncapped market participation securities due June 1, 2021 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any index gain.
Investors will receive par if the index falls by up to 12% and will lose 1% for each 1% decline beyond 12%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered uncapped market participation securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $1,002,000
|
Maturity: | June 1, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus two times any index gain; par if index falls by up to 12%; 1% loss for each 1% decline beyond 12%
|
Initial level: | 3,166.42
|
Pricing date: | Nov. 27
|
Settlement date: | Nov. 30
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 2.525%
|
Cusip: | 40435F7H4
|
© 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.