E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/9/2016 in the Prospect News Structured Products Daily.

New Issue: HSBC prices $930,000 digital dual directional barrier notes linked to Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Feb. 9 – HSBC USA Inc. priced $930,000 of 0% digital dual directional barrier notes due Aug. 12, 2019 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 negative 25%, the payout at maturity will be par plus the index return, subject to a minimum return of 17% and a maximum return of 58%. If the index return is less than negative 25%, investors will be fully exposed to the decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:HSBC USA Inc.
Issue:Digital dual directional barrier notes
Underlying index:Euro Stoxx 50
Amount:$930,000
Maturity:Aug. 12, 2019
Coupon:0%
Price:Par
Payout at maturity:If the index return is greater than or equal to negative 25%, par plus the index return, subject to a minimum return of 17% and a maximum return of 58%; if index return is less than negative 25%, full exposure to index decline
Initial index level:2,879.39
Pricing date:Feb. 5
Settlement date:Feb. 10
Agent:HSBC Securities (USA) Inc.
Fees:2%
Cusip:40433UGM2

© 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.