Published on 5/1/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $830,000 market plus notes linked to S&P 500
By Sarah Lizee
Olympia, Wash., May 1 – HSBC USA Inc. priced $830,000 of 0% market plus notes due April 30, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the final index level is less than the initial index level by more than 20%.
If a knock-out event has not occurred, the payout at maturity will be par plus the greater of zero and 140.55% of the index return. If a knock-out event has occurred, investors will lose 1% for every 1% that the final index level is less than the initial index level.
HSBC Securities (USA) Inc., JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | HSBC USA Inc.
|
Issue: | Market plus notes
|
Underlying index: | S&P 500
|
Amount: | $830,000
|
Maturity: | April 30, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus greater of 140.55% of index return and zero unless index falls by more than 20%, in which case exposure to index’s decline from initial level
|
Initial level: | 2,939.88
|
Final level: | Average of index’s closing levels on five trading days ending April 25, 2024
|
Pricing date: | April 26
|
Settlement date: | May 1
|
Agents: | HSBC Securities (USA) Inc., JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
Fees: | 3%
|
Cusip: | 40435UMF8
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.