New Issue: HSBC prices $1.4 million barrier leveraged tracker notes linked to Hang Seng China Enterprises

By Angela McDaniels

Tacoma, Wash., July 29 – HSBC USA Inc. priced $1.4 million of 0% barrier leveraged tracker notes due July 31, 2018 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 140% of the index return. Investors will receive par if the index falls by 25% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 25%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier leveraged tracker notes
Underlying index:	Hang Seng China Enterprises
Amount:	$1.4 million
Maturity:	July 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than zero, par plus 140% of index return; par if index falls by 25% or less; full exposure to index’s decline from initial level if it falls by more than 25%
Initial index level:	11,072.62
Trade date:	July 25
Pricing date:	July 28
Settlement date:	July 31
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40433BHB7

© 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.