New Issue: HSBC prices $72.97 million market-linked step up notes on Euro Stoxx

By Susanna Moon

Chicago, Dec. 3 - HSBC USA Inc. priced $72.97 million of 0% market-linked step up notes due Nov. 27, 2015 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the step-up value - 120.35%% of the initial value - the payout at maturity will be par plus the index return.

If the index gains up to the step-up value, the payout will be par plus the step-up payment of 20.35%.

Otherwise, investors will be exposed to any losses.

BofA Merrill Lynch is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Market-linked step up notes
Underlying index:	Euro Stoxx 50 Index
Amount:	$72,973,430
Maturity:	Nov. 27, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above the step-up value, par plus return; if index gains up to step-up value, par plus 20.35%; otherwise, exposure to any losses
Initial index level:	3,062.62
Step-up level:	120.35%% of the initial value
Pricing date:	Nov. 26
Settlement date:	Dec. 3
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	40434B883

© 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.