Published on 6/29/2020 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $125,000 buffered PLUS linked to Stoxx
By Sarah Lizee
Olympia, Wash., June 29 – HSBC USA Inc. priced $125,000 of 0% buffered Performance Leveraged Upside Securities due Jan. 4, 2023 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 14%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as a dealer.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $125,000
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| Maturity: | Jan. 4, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 200% of index return, subject to 14% maximum return; par if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
|
| Initial level: | 3,269.1
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| Pricing date: | June 19
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| Settlement date: | June 24
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| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management as a dealer
|
| Fees: | 3%
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| Cusip: | 40438J585
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