New Issue: HSBC prices $5 million buffered digital notes linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Feb. 28 – HSBC USA Inc. priced $5 million of 0% notes due Feb. 28, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.

If the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 16.6%.

If the index falls by more than 10%, investors will lose 1% for each 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Notes
Underlying index:	Euro Stoxx 50
Amount:	$5 million
Maturity:	Feb. 28, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes at or above 90% of its initial level, par plus 16.6%; 1% loss for each 1% decline beyond 10%
Initial level:	3,431.99
Threshold level:	3,088.79, 90% of initial level
Pricing date:	Feb. 22
Settlement date:	March 1
Agent:	BofA Merrill Lynch
Fees:	1.5%
Cusip:	40435M706

© 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.