HSBC plans five-year autocallable yield notes linked to four indexes

By Susanna Moon

Chicago, March 20 – HSBC USA Inc. plans to price autocallable yield notes due March 2020 linked to the S&P 500 index, the Russell 2000 index, the Euro Stoxx 50 index and the Nikkei 225 index, according to an FWP with the Securities and Exchange Commission.

Interest will accrue at Libor plus a spread of at least 485 basis points, payable quarterly.

The notes will be called at par if each index closes at or above its initial level on any quarterly call observation date beginning on in March 2016.

The payout at maturity will be par unless any index finishes below its trigger level, 70% of its initial level, in which case investors will be fully exposed to any losses of the worst performing index.

HSBC Securities (USA) Inc. is the agent.

The notes will price and settle in March.

The Cusip number is 40433BJ82.

© 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.