Published on 7/13/2020 in the Prospect News Green Finance Daily and Prospect News Structured Products Daily.
New Issue: HSBC sells $272,000 buffered market participation notes on S&P 500 ESG
By Marisa Wong
Los Angeles, July 13 – HSBC USA Inc. priced $272,000 of 0% buffered market participation securities due June 30, 2025 tied to the S&P 500 ESG index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum payout of par plus 35%.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered market participation securities
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| Underlying index: | S&P 500 ESG index
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| Amount: | $272,000
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| Maturity: | June 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at par plus 35%; par if index falls by up to 20%; 1% loss for each 1% decline beyond 20%
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| Initial level: | 263.89
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| Pricing date: | June 25
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| Settlement date: | June 30
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 3.75%
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| Cusip: | 40438CKC4
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