Published on 2/8/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.34 million performance notes tied to HSBC Vantage5 index
By Marisa Wong
Morgantown, W.Va., Feb. 8 – HSBC USA Inc. priced $1,344,000 of 0% performance notes due Feb. 5, 2021 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 any index gain. If the index falls, the payout will be par.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance notes
|
| Underlying index: | HSBC Vantage5 Index (USD) Excess Return
|
| Amount: | $1,344,000
|
| Maturity: | Feb. 5, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; if the index falls, the payout will be par
|
| Initial level: | 156.567
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40435FPX9
|
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