By Wendy Van Sickle
Columbus, Ohio, Nov. 14 – HSBC USA Inc. priced $2.93 million of 0% Strategic Accelerated Redemption Securities due Nov. 9, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above its initial level on any annual observation date, the notes will be automatically called at par plus an annualized call premium of 12.1%.
If the notes are not called, investors will be fully exposed to any index decline.
BofA Merrill Lynch is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Strategic Accelerated Redemption Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,926,000
|
| Maturity: | Nov. 9, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Full exposure to any index decline
|
| Call: | Automatically at par plus an annualized call premium of 12.1% if the index closes at or above its initial level on any annual observation date
|
| Initial level: | 3,697.40
|
| Pricing date: | Nov. 1
|
| Settlement date: | Nov. 8
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 40435H244
|
|
|
© 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.
