By Wendy Van Sickle
Columbus, Ohio, Nov. 11 – HSBC USA Inc. priced $262,000 of 0% barrier uncapped market participation securities due Aug. 4, 2026 tied to the least performing of the S&P 500 ESG index and the iShares Global Clean Energy exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each asset is positive, the payout at maturity will be par plus 1.7 times the return of the least-performing asset.
If either asset falls but neither falls by more than 30%, investors will receive par.
Otherwise, investors will be fully exposed to the least-performing asset’s decline from its initial value.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier uncapped market participation securities
|
| Underlying assets: | S&P 500 ESG index and iShares Global Clean Energy ETF
|
| Amount: | $262,000
|
| Maturity: | Aug. 4, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes above its initial value, par plus 1.7 times increase of least-performing asset; par if least-performing asset falls by up to 30%; otherwise, full exposure to least-performing asset’s decline from initial value
|
| Initial values: | 375.80 for index, $22.71 for ETF
|
| Barrier values: | 70% of initial levels
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 4
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.75%
|
| Cusip: | 40439JEZ4
|
|
|
|
|
© 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.
