Published on 1/31/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $297,000 digital notes due 2021 linked to MSCI EAFE
By Marisa Wong
Morgantown, W.Va., Jan. 31 – HSBC USA Inc. priced $297,000 of 0% digital notes due March 24, 2021 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 15%, the payout at maturity will be par plus 14.1%.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Digital notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $297,000
|
| Maturity: | March 24, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is greater than or equal to negative 15%, par plus 14.1%; otherwise, 1.1765% loss for each 1% decline beyond 15%
|
| Initial level: | 1,795.49
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 31
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40435UEK6
|
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