New Issue: HSBC sells $3.92 million 30% autocallable yield notes tied to Nvidia, Digital Turbine

By William Gullotti

Buffalo, N.Y., Dec. 14 – HSBC USA Inc. priced $3.92 million of 30% autocallable yield notes due June 13, 2022 linked to the stock performance of Nvidia Corp. and Digital Turbine, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial level on any monthly call date after three months.

The payout at maturity will be par unless any stock finishes below its 70% trigger price, in which case investors will receive a number of shares of the worst performing stock equal to the principal divided by the initial share price or, at the issuer’s option, the cash equivalent.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying stocks:	Nvidia Corp., Digital Turbine, Inc.
Amount:	$3,915,000
Maturity:	June 13, 2022
Coupon:	30%, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below its 70% trigger price, in which case a number of shares of the worst performing stock equal to the principal divided by the initial share price or the cash equivalent
Call:	Automatically at par if stocks close at or above their initial levels on any monthly call date after three months
Initial share prices:	$57.53 for Digital, $318.26 for Nvidia
Trigger prices:	$40.271 for Digital, $222.782 for Nvidia; 70% of initial levels
Pricing date:	Dec. 8
Settlement date:	Dec. 13
Agent:	HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40428HRL8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.