Published on 4/30/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $4.55 million autocallable barrier notes on indexes
By Sarah Lizee
Olympia, Wash., April 30 – HSBC USA Inc. priced $4.55 million of autocallable barrier notes due April 30, 2024 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 10.5% annualized call premium if each index closes above its initial level on any quarterly observation date.
The payout will be par unless each index has finished below its 60% barrier level, in which case investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Autocallable barrier notes
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Underlying indexes: | Euro Stoxx 50 and Russell 2000 index
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Amount: | $4.55 million
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Maturity: | April 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par unless either index has finished below barrier level, in which case investors will lose 1% for each 1% decline of lesser-performing index from its initial level
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Call: | At par plus 10.5% annualized premium if each index closes at or above initial level on any quarterly observation date
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Initial index levels: | 3,500.41 for Stoxx, 1,591.816 for Russell
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Barriers: | 2,100.246 for Stoxx, 955.0896 for Russell; 60% of initial levels
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Pricing date: | April 26
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Settlement date: | April 30
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2.85%
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Cusip: | 40435UMC5
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