This product is a three-and-a-half year digital growth investment linked to the Dow Jones Industrial Average (DJIA). The issuer, HSBC USA, calls this product a buffered performance security rather than a digital growth product. It offers fixed returns if the payout conditions are met, plus the possibility of further participation in any increase in the underlying as there is no maximum redemption amount.
Index performance is defined as the difference between the initial and the final index level
The week on Risk.net, July 7-13, 2018Receive this by email