Published on 5/4/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $5.39 million five-year trigger gears on Hang Seng China
By Marisa Wong
Morgantown, W.Va., May 4 – HSBC USA Inc. priced $5.39 million of 0% trigger gears due April 28, 2022 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.475 times the index return.
Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
Issuer: | HSBC USA Inc.
|
Issue: | Trigger gears
|
Underlying index: | Hang Seng China Enterprises index
|
Amount: | $5,387,000
|
Maturity: | April 28, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.475 times any index gain; par if the index declines by 30% or less; full exposure to the index’s decline from its initial level if it declines by more than 30%
|
Initial level: | 10,317.63
|
Downside threshold: | 7,222.34, 70% of initial level
|
Pricing date: | April 26
|
Settlement date: | April 28
|
Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
Fees: | 3.5%
|
Cusip: | 40435D730
|
|
© 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.