Published on 5/17/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $529,000 buffered uncapped market participation notes on Dow
By Wendy Van Sickle
Columbus, Ohio, May 17 – HSBC USA Inc. priced $529,000 of 0% buffered uncapped market participation securities due Nov. 14, 2022 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered uncapped market participation securities
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Underlying index: | Dow Jones industrial average
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Amount: | $529,000
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Maturity: | Nov. 14, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 15%; 1% loss for each 1% decline beyond 15%
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Initial level: | 25,532.05
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Pricing date: | May 14
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Settlement date: | May 17
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2.025%
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Cusip: | 40435ULV4
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