Published on 8/13/2018 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $3.5 million leveraged performance notes on HSBC Vantage
By Marisa Wong
Morgantown, W.Va., Aug. 13 – HSBC USA Inc. priced $3.5 million of 0% leveraged performance notes due Aug. 7, 2020 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 135% of 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: | $3.5 million
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Maturity: | Aug. 7, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.35 times any index gain; if the index falls, the payout will be par
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Initial level: | 152.309
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Pricing date: | Aug. 2
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Settlement date: | Aug. 7
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.9%
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Cusip: | 40435FV95
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