New Issue: HSBC prices $20.91 million Leveraged Index Return Notes on Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., March 30 – HSBC USA Inc. priced $20.91 million of 0% Leveraged Index Return Notes due March 27, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 118% of any index gain. Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% that it declines beyond 20%.

BofA Merrill Lynch is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50
Amount:	$20,905,810
Maturity:	March 27, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 118% of any index gain; par if index falls by up to 20%; 1% loss for every 1% that index falls beyond 20%
Initial index level:	3,669.79
Threshold level:	2,935.83, 80% of initial level
Final index level:	Average of index's closing levels on five trading days ending March 24, 2020
Pricing date:	March 26
Settlement date:	April 2
Underwriter:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	40434G304

© 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.