New Issue: HSBC prices $1.26 million buffered accelerated market participation securities on S&P 500

New York, Oct. 5 – HSBC USA Inc. priced $1.26 million of 0% buffered accelerated market participation securities due Dec. 30, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of par plus 10.5%.

Investors will receive par if the index declines by no more than 13% and will lose 1% for every 1% that the index declines beyond 13%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying index:	S&P 500 index
Amount:	$1,264,000
Maturity:	Dec. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 150% of index return, subject to a maximum return of par plus 10.5%; par if index declines by no more than 13%; otherwise, lose 1% for every 1% that the index declines beyond 13%
Initial level:	4,273.53
Buffer:	13%
Pricing date:	Sept. 26
Settlement date:	Sept. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40447AKU7

© 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.