New Issue: HSBC prices $4.05 million autocallable Stars linked to Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., Dec. 29 – HSBC USA Inc. priced $4.05 million autocallable Strategic Accelerated Redemption Securities due Dec. 22, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at an annualized call premium of 9.6% if the closing level of the index is greater than or equal to its initial level on any annual determination date, including maturity.

Investors will receive par if the index declines by no more than 15% and will lose 1% for each 1% decline of the index beyond 15%.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable Strategic Accelerated Redemption Securities
Underlying index:	Euro Stoxx 50 index
Amount:	$4,053,000
Maturity:	Dec. 22, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes at or above threshold level, par; otherwise, lose 1% for each 1% decline beyond threshold
Call:	At par plus 9.6% annualized if the closing level of the index is greater than or equal to its initial value on any annual determination date, including maturity
Initial level:	4,524.86
Threshold level:	3,846.13; 85% of initial level
Pricing date:	Dec. 21
Settlement date:	Dec. 29
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	403954738

© 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.