Published on 12/30/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $762,000 Bumps linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Dec. 30 – HSBC USA Inc. priced $762,000 of 0% Buffered Uncapped Market Participation Securities due Dec. 27, 2024 linked to the S&P 500 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 plus the index return. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Uncapped Market Participation Securities
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Underlying index: | S&P 500
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Amount: | $762,000
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Maturity: | Dec. 27, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
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Initial index level: | 3,205.37
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Pricing date: | Dec. 19
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Settlement date: | Dec. 27
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 3.75%
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Cusip: | 40435UQ72
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