Published on 7/26/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.53 million digital barrier notes linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, July 26 – HSBC USA Inc. priced $1.53 million of 0% digital barrier notes due July 29, 2022 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 or equal to zero, the payout at maturity will be par plus the greater of the index return and 57%. If the index return is less than zero but greater than or equal to negative 40%, the payout will be par. If the index return is less than negative 40%, investors will be fully exposed to the decline.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Digital barrier notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,529,000
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Maturity: | July 29, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to zero, par plus greater of index return and 57%; if index return is less than zero but greater than or equal to negative 40%, par; if index return is less than negative 40%, full exposure to decline
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Initial index level: | 2,972.23
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Pricing date: | July 22
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Settlement date: | July 29
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 3.25%
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Cusip: | 40433URE8
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