New Issue: HSBC prices $2.5 million digital barrier notes tied to four stocks

By Wendy Van Sickle

Columbus, Ohio, May 24 – HSBC USA Inc. priced $2.5 million of 0% digital barrier notes due June 12, 2024 linked to the performance of the common stocks of Amazon.com, Inc., Costco Wholesale Corp., Target Corp. and Walmart Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the laggard stock finishes at at least 60% of its initial level, the payout at maturity will be par plus 20.25%. Otherwise, investors will lose 1% for every 1% that the laggard stock declines from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital barrier notes
Underlying stocks:	Amazon.com, Inc., Costco Wholesale Corp., Target Corp. and Walmart Inc.
Amount:	$2,497,000
Maturity:	June 12, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes at or above 60% of initial level, par plus 20.25%; otherwise, full exposure to decline of laggard stock from initial level
Initial stock levels:	$105.83 for Amazon, $499.06 for Costco, $156.50 for Target, $152.72 for Walmart
Pricing date:	May 8
Settlement date:	May 12
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40447AAW4

© 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.