Published on 7/25/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $400,000 leveraged performance notes on HSBC Vantage
By Marisa Wong
Morgantown, W.Va., July 25 – HSBC USA Inc. priced $400,000 of 0% leveraged performance notes due July 28, 2025 linked to the HSBC Vantage5 Index (USD) Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 325% of any index gain. 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: | HSBC Vantage5 Index (USD) Excess Return
|
| Amount: | $400,000
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| Maturity: | July 28, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3.25 times any index gain; if the index falls, the payout will be par
|
| Initial level: | 152.393
|
| Pricing date: | July 20
|
| Settlement date: | July 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.5%
|
| Cusip: | 40435FJ99
|
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