New Issue: HSBC sells $659,000 buffered uncapped market participation notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, April 1 – HSBC USA Inc. priced $659,000 of 0% buffered uncapped market participation securities due April 1, 2024 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any index gain.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	Euro Stoxx 50
Amount:	$659,000
Maturity:	April 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial level:	3,319.53
Pricing date:	March 26
Settlement date:	March 29
Agent:	HSBC Securities (USA) Inc.
Fees:	2.525%
Cusip:	40435UHS6

© 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.