Published on 6/6/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3.3 million PLUS linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., June 6 – HSBC USA Inc. priced $3.3 million of 0% Performance Leveraged Upside Securities due Sept. 3, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 15.7%. If the index return is negative, investors will be exposed to the decline.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is handling distribution.
Issuer: | HSBC USA Inc.
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | Russell 2000
|
Amount: | $3,299,490
|
Maturity: | Sept. 3, 2020
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is positive, par plus 300% of index return, subject to maximum return of 15.7%; if index return is negative, exposure to decline
|
Initial level: | 1,465.487
|
Pricing date: | May 31
|
Settlement date: | June 5
|
Agent: | HSBC Securities (USA) Inc.
|
Distribution: | Morgan Stanley Wealth Management
|
Fees: | 2.25%
|
Cusip: | 40436B733
|
|
© 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.