New Issue: HSBC prices $1.76 million digital barrier notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., June 22 – HSBC USA Inc. priced $1.76 million of 0% digital barrier notes due June 24, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to zero, the payout at maturity will be par plus the greater of the index return and 55%. If the index return is less than zero but greater than or equal to negative 30%, the payout will be par. If the index return is less than negative 30%, investors will be fully exposed to the decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital barrier notes
Underlying index:	S&P 500
Amount:	$1,757,000
Maturity:	June 24, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to zero, par plus greater of index return and 55%; if index return is less than zero but greater than or equal to negative 30%, par; if index return is less than negative 30%, full exposure to decline
Initial index level:	2,071.22
Pricing date:	June 17
Settlement date:	June 24
Agent:	HSBC Securities (USA) Inc.
Fees:	3.25%
Cusip:	40433UNF9

© 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.