Published on 1/2/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $86,000 digital dual direction barrier notes on S&P, Russell
By Susanna Moon
Chicago, Jan. 2 – HSBC USA Inc. priced $86,000 of 0% digital dual directional barrier securities due Dec. 21, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If each index finishes at or above its 70% barrier level, the payout at maturity will be par plus the greater of the return of the worse performing index and the digital upside return of 31%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
|
Issue: | Digital dual directional barrier securities
|
Underlying indexes: | S&P 500 and Russell 2000
|
Amount: | $86,000
|
Maturity: | Dec. 21, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index gains or falls by up to 30%, par plus greater of 31% and return of worse performing index; otherwise, 1% loss per 1% decline of worse performing index
|
Initial levels: | 2,546.16 for S&P, 1,377.176 for Russell
|
Barrier levels: | 1,782.31 for S&P, 964.023 for Russell; 70% of initial levels
|
Pricing date: | Dec. 18
|
Settlement date: | Dec. 21
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.625%
|
Cusip: | 40435UBQ6
|
|
|
© 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.