By Susanna Moon
Chicago, Oct. 29 – HSBC USA Inc. priced $17.12 million of 0% market-linked step-up notes due Oct. 27, 2017 linked to a basket of three equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes are the Russell 2000 index with an initial weight of 33.34% and the Euro Stoxx 50 index and MSCI Emerging Markets index, each with an initial weight of 33.33%.
If the basket finishes above the step-up value – 127.6% of the initial level – the payout at maturity will be par plus the index gain.
If the basket finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 27.6%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Market-linked step-up notes
|
| Underlying basket: | Russell 2000 index, Euro Stoxx 50 index and MSCI Emerging Markets index, equally weighted
|
| Amount: | $17,115,660
|
| Maturity: | Oct. 27, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket finishes above step-up value, par plus return; if basket finishes at or below step-up value but at or above initial level, par plus 27.6%; exposure to any losses
|
| Step-up level: | 127.6% of initial level
|
| Pricing date: | Oct. 24
|
| Settlement date: | Oct. 29
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2.25%
|
| Cusip: | 40434D475
|
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