Published on 7/19/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.86 million leveraged capped notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., July 19 – HSBC USA Inc. priced $1.86 million of 0% leveraged capped notes due Jan. 8, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum payment amount of $1,220.50 for each $1,000 principal amount.
Investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged capped notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,855,000
|
| Maturity: | Jan. 8, 2018
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus triple any index gain, capped at 22.05%; full exposure to losses
|
| Initial level: | 2,161.74
|
| Pricing date: | July 15
|
| Settlement date: | July 22
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40433URM0
|
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