New Issue: HSBC sells $3.53 million digital index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., Oct. 5 – HSBC USA Inc. priced $3.53 million of 0% digital index-linked notes due March 28, 2025 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 85% of its initial level, the payout at maturity will be $1,127.70 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1765% for each 1% decline of the index beyond the 15% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$3,525,000
Maturity:	March 28, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains or falls by not more than 15%, par plus 12.77%; otherwise, 1.1765% loss for each 1% decline of the index beyond 15%
Initial level:	4,273.53
Downside threshold:	85% of initial level
Pricing date:	Sept. 26
Settlement date:	Oct. 3
Agent:	HSBC Securities (USA) Inc.
Fees:	1.51%
Cusip:	40442B3T2

© 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.