Published on 8/27/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.88 million market-linked notes tied to Euro Stoxx 50 index
By Wendy Van Sickle
Columbus, Ohio, Aug. 27 – HSBC USA Inc. priced $1.88 million of 0% market-linked notes due Aug. 26, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 113.95% of any index gain.
Investors will receive par if the index falls or remains flat.
HSBC Securities (USA) Inc. is the agent with JPMorgan as placement agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,883,000
|
| Maturity: | Aug. 26, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 113.95% of any index gain; par if the index falls or remains flat
|
| Initial index level: | 3,427.44
|
| Pricing date: | Aug. 24
|
| Settlement date: | Aug. 29
|
| Agent: | HSBC Securities (USA) Inc. with JPMorgan as placement agent
|
| Fees: | 2%
|
| Cusip: | 40435FY35
|
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