Published on 12/2/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $15.02 million Leveraged Index Return Notes linked to Energy Select
By Angela McDaniels
Tacoma, Wash., Dec. 2 – HSBC USA Inc. priced $15.02 million of 0% Leveraged Index Return Notes due Nov. 18, 2022 linked to the Energy Select Sector index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 192% of the index return. If the index return is negative, investors will have one-to-one exposure to the decline.
BofA Securities, Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged Index Return Notes
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Underlying index: | Energy Select Sector index
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Amount: | $15,016,460
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Maturity: | Nov. 18, 2022
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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 192% of index return; if index return is negative, exposure to decline
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Initial level: | 594.51
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Final level: | Average of index’s closing levels on five trading days ending Nov. 15, 2022
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Pricing date: | Nov. 26
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Settlement date: | Dec. 4
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Agent: | BofA Securities, Inc.
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Fees: | 2.25%
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Cusip: | 40438B632
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