New Issue: HSBC sells $22.43 million digital notes linked to S&P 500

By Marisa Wong

Los Angeles, July 21 – HSBC USA Inc. priced $22,431,000 of 0% digital notes due March 9, 2022 linked to the S&P 500 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 the threshold level, 87.5% of the initial level, the payout at maturity will be $1,132.90 for each $1,000 of notes. Otherwise, investors will lose 1.1429% for every 1% that the index declines beyond 12.5%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$22,431,000
Maturity:	March 9, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to 87.5% of its initial level, $1,132.90 for each $1,000 of notes; otherwise, 1.1429% loss for every 1% decline beyond 12.5%
Initial index level:	3,226.56
Pricing date:	July 15
Settlement date:	July 22
Underwriter:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40438CQE4

© 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.