By Wendy Van Sickle
Columbus, Ohio, Feb. 21 – HSBC USA Inc. priced $830,000 of 0% barrier Accelerated Market Participation Securities due Feb. 15, 2022 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any gain in the index, up to a maximum return of 55%.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% barrier.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier Accelerated Market Participation Securities
|
| Underlying index: | Euro Stoxx Banks
|
| Amount: | $830,000
|
| Maturity: | Feb. 15, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 55%; par if index declines by 40% or less; full exposure to any losses if the index falls below barrier level
|
| Initial level: | 115.43
|
| Barrier level: | 60% of initial level
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 23
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.625%
|
| Cusip: | 40433UQ74
|
|
|
© 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.
