Published on 5/5/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $2.62 million barrier digital notes on Russell, Dow, Nasdaq
Chicago, May 5 – HSBC USA Inc. priced $2.62 million of 0% barrier digital notes due May 3, 2024 linked to the least performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 70% trigger level, the payout at maturity will be par plus 8.4%.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Barrier digital notes
|
Underlying indexes: | Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index
|
Amount: | $2,617,000
|
Maturity: | May 3, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above trigger level, par plus 8.4%; otherwise, investors will be fully exposed to the decline of the worst performer from its initial level
|
Initial levels: | 33,530.83 for Dow, 12,725.11 for Nasdaq, 1,745.952 for Russell
|
Trigger levels: | 70% of initial levels
|
Pricing date: | April 25
|
Settlement date: | April 28
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 2%
|
Cusip: | 40441X3S7
|
|
© 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.