New Issue: HSBC prices $11.09 million of its buffered digital notes linked to Stoxx

By Wendy Van Sickle

Columbus, Ohio, Nov. 14 – HSBC USA Inc. priced $11.09 million of 0% buffered digital notes due April 16, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par plus 16%.

Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	Euro Stoxx 50
Amount:	$11,085,000
Maturity:	April 16, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is greater than or equal to zero, par plus 16%; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	3,056.29
Pricing date:	Nov. 9
Settlement date:	Nov. 17
Agents:	HSBC Securities (USA) Inc.
Fees:	1.53%
Cusip:	40433UYB6

© 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.