Published on 12/15/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $633,000 barrier enhanced notes tied to S&P 500, Russell
By Susanna Moon
Chicago, Dec. 15 – HSBC USA Inc. priced $633,000 of 0% barrier enhanced participation notes due Dec. 6, 2023 linked to the Russell 200 index and the S&P 500 index, according to a 414B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.97 times any gain of the worse performing index.
Investors will receive par if either index falls by up to 25% and will be fully exposed to any losses of the worse performing index if it finishes below the 75% barrier level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier enhanced participation notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index
|
| Amount: | $633,000
|
| Maturity: | Dec. 6, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.97 times any gain of worse performing index; par if either index falls by up to 25%; 1% loss per 1% decline of worse performing index if it finishes below barrier
|
| Initial levels: | 2,642.22 for S&P, 1,537.021 for Russell
|
| Barrier levels: | 75% of initial levels
|
| Pricing date: | Dec. 1
|
| Settlement date: | Dec. 6
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.25%
|
| Cusip: | 40435FNW3 / US40435FNW31
|
|
|
|
|
© 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.
