New Issue: HSBC prices $5.51 million buffer digital notes on iShares MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, May 5 – HSBC USA Inc. priced $5.51 million of 0% buffer digital notes due May 9, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF’s final share price is at least 90% of the initial share price, the payout at maturity will be par of $10 plus 12.75%. Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 10%.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Buffer digital notes
Underlying ETF:	iShares MSCI EAFE
Amount:	$5,510,750
Maturity:	May 9, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final share price is greater than or equal to digital barrier, par plus 12.75%; otherwise, 1% loss for every 1% that ETF declines beyond 10%
Initial share price:	$64.26
Digital barrier:	$57.83, 90% of initial share price
Pricing date:	May 3
Settlement date:	May 8
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	40435D615

© 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.