Published on 10/14/2021 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.22 million buffered market participation notes on EAFE ETF
By Kiku Steinfeld
Chicago, Oct. 14 – HSBC USA Inc. priced $1.22 million of 0% buffered market participation securities due Aug. 26, 2022 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, up to a cap of par plus 7%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered market participation securities
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Underlying ETF: | iShares MSCI EAFE ETF
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Amount: | $1,222,000
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Maturity: | Aug. 26, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus fund gain, capped at 7%; par if fund falls by up to 10%, otherwise 1% loss for each 1% decline beyond buffer
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Initial level: | $78.67
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Pricing date: | July 23
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Settlement date: | July 28
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40439JGU3
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