New Issue: HSBC sells $600,000 buffered digital notes on NYSE FANG+

By Wendy Van Sickle

Columbus, Ohio, July 16 – HSBC USA Inc. priced $600,000 of 0% buffered digital notes due July 10, 2023 linked to the NYSE FANG+ index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to 88% of the initial level, the payout at maturity will be par plus 17%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 12%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	NYSE FANG+ index
Amount:	$600,000
Maturity:	July 10, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to 88% of its initial level, par plus 17%; otherwise, 1% loss for every 1% decline beyond 12%
Initial index level:	4,490.004
Pricing date:	July 7
Settlement date:	July 10
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.025%
Cusip:	40438CMA6

© 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.