By Devika Patel
Knoxville, Tenn., July 19 – HSBC USA Inc. priced $354,000 of 0% leveraged buffered capped notes due June 27, 2018 tied to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.7 times any fund gain, up to a maximum settlement amount of $1,263.50 for each $1,000 of notes.
Investors will receive par if the fund falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered capped notes
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $354,000
|
| Maturity: | June 27, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.7 times any fund gain, capped at 26.35%; par if fund falls by up to 20%; 1.25% loss for every 1% decline beyond 20%
|
| Initial level: | $35.69
|
| Barrier level: | 80% of initial level
|
| Pricing date: | July 15
|
| Settlement date: | July 22
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40433URN8
|
|
|
© 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.
