By Marisa Wong
Madison, Wis., Jan. 31 - HSBC USA Inc. priced $12.09 million of 0% airbag performance securities due Jan. 31, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 198% of the gain.
If the index return is zero or negative and the final index level is greater than or equal to the 50% threshold percentage, the payout will be par.
If the index falls by more than 50%, investors will lose 2% for every 1% decline in the index beyond the 50% buffer.
HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Airbag performance securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $12.09 million
|
| Maturity: | Jan. 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return is positive, par plus 198% of gain; if return is zero or negative but at least negative 50%, par; if return is less than negative 50%, 2% loss for every 1% decline beyond 50%
|
| Initial level: | 3,011.45
|
| Pricing date: | Jan. 29
|
| Settlement date: | Jan. 31
|
| Agents: | HSBC Securities (USA) Inc. and UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 40434B446
|
© 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.
