Published on 8/30/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $4.15 million 6% autocallable yield notes linked to indexes
By Susanna Moon
Chicago, Aug. 30 - HSBC USA Inc. priced $4.15 million of 6% autocallable yield notes due March 3, 2015 linked to the Russell 2000 index, Euro Stoxx 50 index and Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be called at par if each index closes at or above its initial level on any quarterly call observation date.
The payout at maturity will be par unless any index finishes below its 70% trigger level, in which case investors will receive par plus the return of the worst performing index.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable yield notes
|
| Underlying indexes: | Russell 2000, Euro Stoxx 50 and Nikkei 225
|
| Amount: | $4.15 million
|
| Maturity: | March 3, 2015
|
| Coupon: | 6%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless any index falls below trigger level, in which case par plus return of worst performing index
|
| Call: | At par if each index closes at or above their initial level on any quarterly call observation date beginning
|
| Initial index levels: | 1,013.49 for Russell, 2,742.61 for Euro Stoxx and 13,338.46 for Nikkei
|
| Trigger levels: | 70% of initial levels
|
| Pricing date: | Aug. 27
|
| Settlement date: | Sept. 3
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1%
|
| Cusip: | 40432XK67
|
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