By Jennifer Chiou
New York, Nov. 24 – HSBC USA Inc. priced $1 million of 0% contingent buffered enhanced notes due Nov. 25, 2019 linked to the WisdomTree Japan Hedged Equity Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is less than the initial share price by more than 50%, investors will lose 1% for every 1% that the final share price is less than the initial share price.
Otherwise, the payout at maturity will be par if the fund falls by up to 50%. Investors will share in any gains, capped at 42%.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Contingent buffered enhanced notes
|
| Underlying ETF: | WisdomTree Japan Hedged Equity Fund
|
| Amount: | $1 million
|
| Maturity: | Nov. 25, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is less than initial share price by more than 50%, 1% loss for every 1% that final share price is less than initial share price; otherwise, par if fund falls by up to 50%; investors will share in any gains, subject to maximum return of 42%
|
| Initial fund price: | $54.59
|
| Pricing date: | Nov. 20
|
| Settlement date: | Nov. 25
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 40433BTZ1
|
|
|
© 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.
