Published on 7/8/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.83 million PLUS linked to Stoxx
By Sarah Lizee
Olympia, Wash., July 8 – HSBC USA Inc. priced $1.83 million of 0% Performance Leveraged Upside Securities due Oct. 5, 2020 linked to the Euro Stoxx 50 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 26.25%. 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.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1,834,260
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Maturity: | Oct. 5, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to maximum return of 26.25%; if index return is negative, exposure to decline
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Initial level: | 3,473.69
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Pricing date: | June 28
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Settlement date: | July 3
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Agent: | HSBC Securities (USA) Inc.
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 40436B550
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