New Issue: HSBC prices $328,000 barrier enhanced notes linked to S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, Jan. 28 – HSBC USA Inc. priced $328,000 of 0% barrier enhanced participation notes due Jan. 29, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 108% of any index gain. If the index falls by up to 25%, the payout at maturity will be par. If the index declines beyond 25%, investors will be fully exposed to losses.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier enhanced participation notes
Underlying index:	S&P 500
Amount:	$328,000
Maturity:	Jan. 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 108% of any index gain; par if index falls by up to 25%; full exposure to losses from initial level if index falls by more than 25%
Initial index level:	1,903.63
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Underwriter:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UFU5

© 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.