Published on 6/16/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.21 million buffered PLUS linked to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, June 16 – HSBC USA Inc. priced $1.21 million of 0% buffered PLUS due Oct. 11, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 17.35%. Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that the index declines beyond 10%.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is distributor.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered PLUS
|
Underlying index: | S&P 500 index
|
Amount: | $1.21 million
|
Maturity: | Oct. 11, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final index level is greater than initial index level, par plus 200% of index return, subject to maximum return of 17.35%; par if index declines by up to 10%; 1% loss for every 1% that index declines beyond 10%
|
Initial level: | 4,369.01
|
Buffer level: | 90% of initial level
|
Pricing date: | June 13
|
Settlement date: | June 21
|
Agent: | HSBC Securities (USA) Inc.
|
Distributor: | Morgan Stanley Wealth Management
|
Fees: | 0%
|
Cusip: | 40447ACW2
|
|
© 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.