New Issue: HSBC sells $2 million buffered coupon notes on S&P

By Sarah Lizee

Olympia, Wash., June 2 – HSBC USA Inc. priced $2 million of buffered coupon notes due June 11, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 90% of its initial level, the payout will be par plus 9.15%.

If the index finishes below 90% of its initial level, investors will lose 1.1111% for every 1% decline beyond the buffer.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	HSBC USA Inc.
Issue:	Buffered coupon notes
Underlying index:	S&P 500 index
Amount:	$2,002,000
Maturity:	June 11, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above 90% of its initial level, par plus 9.15%; if the index finishes below 90% of its initial level, investors will lose 1.1111% for every 1% decline beyond the buffer
Initial level:	2,991.77
Buffer level:	90% of initial level
Pricing date:	May 26
Settlement date:	May 29
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	40438CHN4

© 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.