By Wendy Van Sickle
Columbus, Ohio, Jan. 4 – HSBC USA Inc. priced $1.05 million of 8.29% worst-of autocallable fixed-rate notes due Jan. 2, 2019 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
The notes will be called at par plus the coupon if each underlying index closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless either index finishes below the 95% buffer level, in which case investors will lose 1% for each 1% decline of the worse performing index beyond 5%.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
|
Issue: | Worst-of autocallable fixed-rate notes
|
Underlying indexes: | Russell 2000 index and Euro Stoxx 50 index
|
Amount: | $1.05 million
|
Maturity: | Jan. 2, 2019
|
Coupon: | 8.29%, payable quarterly
|
Price: | Par
|
Payout at maturity: | Par unless either index falls by more than 5%, in which case 1% loss per 1% decline of worse performing index beyond 5%
|
Call: | At par plus coupon if each index closes at or above initial level on any quarterly observation date
|
Initial levels: | 3,524.31 for Stoxx, 1,548.926 for Russell
|
Pricing date: | Dec. 28
|
Settlement date: | Jan. 3
|
Underwriter: | HSBC Securities (USA) Inc.
|
Fees: | 0.5%
|
Cusip: | 40435FPJ0
|
|
© 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.