Published on 12/31/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $920,000 buffered uncapped market participation securities on MSCI EAFE
By Devika Patel
Knoxville, Tenn., Dec. 31 – HSBC USA Inc. priced $920,000 of 0% buffered uncapped market participation securities due June 30, 2023 tied to the MSCI EAFE 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 117% of the index return. Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline in the index beyond 20%.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Buffered uncapped market participation securities
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Underlying index: | MSCI EAFE
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Amount: | $920,000
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Maturity: | June 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 117% of the index return; par if index falls by up to 20%; 1% loss for every 1% decline in index beyond 20%
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Initial index level: | 2,028.25
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Pricing date: | Dec. 20
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Settlement date: | Dec. 30
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40435UN59
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