Published on 2/6/2024 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.84 million digital plus barrier notes tied to S&P 500
By William Gullotti
Buffalo, N.Y., Feb. 6 – HSBC USA Inc. priced $1.84 million of 0% digital plus barrier notes due Feb. 28, 2025 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus the greater of the fixed return of 9.45% and the return of the index.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Digital plus barrier notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,842,000
|
| Maturity: | Feb. 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above 85% of its initial level, par plus greater of 9.45% and return of index; otherwise, 1% loss for each 1% decline of index from initial level
|
| Initial level: | 4,868.55
|
| Barrier level: | 85% of initial level
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 29
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40447AWX8
|
|
|
© 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.
