New Issue: HSBC prices $1.53 million digital barrier notes linked to Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, July 26 – HSBC USA Inc. priced $1.53 million of 0% digital barrier notes due July 29, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to zero, the payout at maturity will be par plus the greater of the index return and 57%. If the index return is less than zero but greater than or equal to negative 40%, the payout will be par. If the index return is less than negative 40%, investors will be fully exposed to the decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital barrier notes
Underlying index:	Euro Stoxx 50
Amount:	$1,529,000
Maturity:	July 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to zero, par plus greater of index return and 57%; if index return is less than zero but greater than or equal to negative 40%, par; if index return is less than negative 40%, full exposure to decline
Initial index level:	2,972.23
Pricing date:	July 22
Settlement date:	July 29
Agent:	HSBC Securities (USA) Inc.
Fees:	3.25%
Cusip:	40433URE8

© 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.