New York, Jan. 22 – HSBC USA Inc. priced $1.51 million of 0% autocallable barrier notes with step-up premium due Jan. 19, 2029 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically if the index closes at or above the initial index level on any annual observation date at a premium of 9.5% per year.
The payout at maturity will be par if the index finishes at or above its 90% barrier level. Investors will lose 1% for every 1% that the index declines if it finishes below the barrier level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable barrier notes with step-up premium
|
| Underlying index: | Russell 2000 index
|
| Amount: | $1.51 million
|
| Maturity: | Jan. 19, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above barrier level, par; 1% loss for every 1% that index declines if it ends below barrier level
|
| Initial level: | 1,927.304
|
| Barrier level: | 1,734.5736, 90% of initial level
|
| Call: | Automatically if index closes at or above initial level on any annual observation date at a premium of 9.5% per year
|
| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 19
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 40447AWE0
|
|
|
|
|
|
|
© 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.
