New Issue: HSBC sells $520,000 contingent buffered notes on S&P 500

By William Gullotti

Buffalo, N.Y., Aug. 5 – HSBC USA Inc. priced $520,000 of 0% contingent buffered notes due June 22, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index’s final level is greater than or equal to its knock-out buffer level, 80% of its initial level, the payout at maturity will be par plus 4.93%.

Otherwise, investors will be exposed to the losses of the index.

HSBC Securities (USA) Inc. is the agent with J.P. Morgan Securities LLC as the placement agent.

Issuer:	HSBC USA Inc.
Issue:	Contingent buffered notes
Underlying index:	S&P 500 index
Amount:	$520,000
Maturity:	June 22, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to knock-out buffer level, par plus 4.93%; otherwise, exposure to index’s losses
Initial level:	4,229.98
Knock-out buffer level:	80% of initial level
Pricing date:	June 4
Settlement date:	June 9
Agents:	HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC as placement agent
Fees:	1%
Cusip:	40439JCW3

© 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.