Published on 2/26/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $335,000 leveraged performance notes on HSBC Vantage5
By Susanna Moon
Chicago, Feb. 26 – HSBC USA Inc. priced $335,000 of 0% leveraged performance notes due Feb. 22, 2024 linked to the HSBC Vantage5 Index (USD) Excess Return, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.4 times any index gain.
If the index falls the payout will be par.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
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| Issue: | Leveraged performance notes
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| Underlying index: | HSBC Vantage5 Index (USD) Excess Return
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| Amount: | $335,000
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| Maturity: | Feb. 22, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 240% of any index gain; if the index falls, the payout will be par
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| Initial level: | 144.041
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| Pricing date: | Feb. 15
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| Settlement date: | Feb. 22
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | None
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| Cusip: | 40435UEW0
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