Published on 1/3/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.35 million leveraged performance notes on Nikkei 225
By Marisa Wong
Morgantown, W.Va., Jan. 3 – HSBC USA Inc. priced $1.35 million of 0% leveraged performance notes due Dec. 31, 2024 linked to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.5 times any index gain, subject to a maximum cap of 80%. If the index falls, the payout will be par.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged performance notes
|
| Underlying index: | Nikkei 225
|
| Amount: | $1.35 million
|
| Maturity: | Dec. 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.5 times any index gain, capped at 80%; if the index falls, par
|
| Initial level: | 22,902.76
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 29
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3%
|
| Cusip: | 40435FQZ3
|
|
|
© 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.
