Published on 5/10/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $6.58 million accelerated market notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, May 10 – HSBC USA Inc. priced $6.58 million of 0% accelerated market participation securities due May 10, 2021 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 plus 5 times any index gain, up to a maximum return of 85%.
Investors will be exposed to any index decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Accelerated market participation securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $6,575,000
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| Maturity: | May 10, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 500% of any index gain, capped at 85%; exposure to losses
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| Initial level: | 3,586.25
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| Pricing date: | May 3
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| Settlement date: | May 8
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 3.25%
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| Cusip: | 40433U4T0
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