By William Gullotti
Buffalo, N.Y., Dec. 22 – HSBC USA Inc. priced $4.26 million of 0% digital index-linked notes due Jan. 6, 2025 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 80% of its initial level, the payout at maturity will be $1,206.40 per $1,000 principal amount of notes.
Otherwise, investors will lose 1.25% for each 1% decline of the index beyond the 20% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Digital index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $4.26 million
|
| Maturity: | Jan. 6, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index gains or falls by not more than 20%, par plus 20.64%; otherwise, 1.25% loss for each 1% decline of the index beyond 20%
|
| Initial level: | 3,804.02
|
| Downside threshold: | 80% of initial level
|
| Pricing date: | Dec. 16
|
| Settlement date: | Dec. 23
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40441XYB0
|
|
|
© 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.
