Published on 4/4/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $10.26 million of Accelerated Return Notes on Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., April 4 – HSBC USA Inc. priced $10.26 million of 0% Accelerated Return Notes due March 29, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum payout of 22.8%. If the index falls, investors will lose 1% for each 1% decline.
BofA Merrill Lynch is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Accelerated Return Notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $10.26 million
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| Maturity: | March 29, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus triple any index gain, capped at 22.8% maximum payout; 1% loss for each 1% decline
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| Initial index level: | 3,481.58
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| Pricing date: | March 30
|
| Settlement date: | April 6
|
| Agent: | BofA Merrill Lynch
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| Fees: | 2%
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| Cusip: | 40435C476
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