New Issue: HSBC prices $4.36 million buffered accelerated market participation notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 26 – HSBC USA Inc. priced $4.36 million of 0% buffered accelerated market participation securities due May 26, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 27%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying index:	S&P 500
Amount:	$4,355,000
Maturity:	May 26, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, subject to maximum return of 27%; par if index falls by 15% or less; 1% loss for every 1% decline beyond 15%
Initial index level:	2,381.73
Pricing date:	May 19
Settlement date:	May 24
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40433U5P7

© 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.