Published on 12/12/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $7.48 million capped gears linked to Euro Stoxx 50
By Kiku Steinfeld
Chicago, Dec. 10 – HSBC USA Inc. priced $7.48 million of 0% capped gears due Jan. 29, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 3 times the index return, subject to a maximum return of 21.1%. If the index return is less than zero, investors will have full exposure to the decline.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
Issuer: | HSBC USA Inc.
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Issue: | Capped gears
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Underlying index: | Euro Stoxx 50
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Amount: | $7,481,500
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Maturity: | Jan. 29, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 3 times any index gain, return capped at 21.1%; full exposure to any losses
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Initial level: | 3,705.55
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Pricing date: | Nov. 26
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Settlement date: | Nov. 29
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Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
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Fees: | 2%
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Cusip: | 40438B624
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