New Issue: HSBC sells $25.24 million Accelerated Return Notes on financial stock basket

By Wendy Van Sickle

Columbus, Ohio, June 1 – HSBC USA Inc. priced $25.24 million of 0% Accelerated Return Notes due June 29, 2022 tied to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Goldman Sachs Group, Inc., JPMorgan Chase & Co. and Morgan Stanley.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 22.89%.

Investors will be exposed to any losses.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Basket components:	Goldman Sachs Group, Inc., JPMorgan Chase & Co. and Morgan Stanley, equal weights
Amount:	$25,235,000
Maturity:	June 29, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, capped at 22.89%; 1% loss for each 1% decline
Initial index levels:	$371.37 for Goldman, $164.35 for JPMorgan and $90.30 for Morgan Stanley
Pricing date:	May 27
Settlement date:	June 4
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	40438U168

© 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.