By Marisa Wong
Morgantown, W.Va., Sept. 18 – HSBC USA Inc. priced $650,000 of 0% market plus notes due March 13, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the final index level is less than the initial index level by more than 25%.
If a knock-out event has not occurred, the payout at maturity will be par plus the greater of the index return and zero. If a knock-out event has occurred, investors will lose 1% for every 1% that the final index level is less than the initial index level.
HSBC Securities (USA) Inc. is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as the placement agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Market plus notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $650,000
|
| Maturity: | March 13, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus greater of index return and zero unless index falls by more than 25%, in which case full exposure to index’s decline from initial level
|
| Initial index level: | 3,447.69
|
| Pricing date: | Sept. 8
|
| Settlement date: | Sept. 13
|
| Agent: | HSBC Securities (USA) Inc. with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
|
| Fees: | 1.25%
|
| Cusip: | 40435FGD3
|
|
|
© 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.
