New Issue: HSBC prices $7.85 million one-year Stars linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Dec. 7 – HSBC USA Inc. priced $7.85 million of 0% Strategic Accelerated Redemption Securities due Dec. 9, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 10.25% if the index closes at or above its initial level on any call date, which occur six, nine and 12 months after pricing.

The payout at maturity will be par unless the index falls, in which case investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$7,847,540
Maturity:	Dec. 9, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par unless the index falls, in which case exposure to any losses
Call:	At par plus 10.25% per year if index closes at or above initial level on May 20, Aug. 19, 2016 or Dec. 2, 2016
Initial level:	2,089.14
Pricing date:	Nov. 24
Settlement date:	Dec. 2
Agent:	BofA Merrill Lynch
Fees:	1.25%
Cusip:	40434K636

© 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.