New Issue: HSBC sells $3.63 million trigger step notes linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Aug. 7 – HSBC USA Inc. priced $3.63 million of 0% trigger step securities due July 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the 52% step return.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger step securities
Underlying index:	Euro Stoxx 50
Amount:	$3,630,400
Maturity:	July 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus greater of return and 52%; par if the index falls by up to 25%; full exposure to any losses if the index finishes below the trigger level
Initial level:	3,493.14
Trigger level:	2,619.86, 75% of initial level
Pricing date:	July 27
Settlement date:	July 31
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc
Fees:	3%
Cusip:	40435G303

© 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.