New Issue: HSBC sells $1.35 million digital barrier notes on iShares MSCI EAFE

By Marisa Wong

Morgantown, W.Va., Dec. 11 – HSBC USA Inc. priced $1.35 million of 0% digital barrier notes due Dec. 1, 2023 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above its initial level, the payout will be par plus the greater of the return and the minimum upside return of 56%.

If the fund falls by up to 30%, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital barrier notes
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$1,349,000
Maturity:	Dec. 1, 2023
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If fund gains, par plus greater of fund return and 56%; if fund falls by up to 30%, par; if fund falls by more than 30%, full exposure to any losses
Initial level:	$69.92
Pricing date:	Nov. 27
Trade date:	Nov. 28
Settlement date:	Dec. 1
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435FNP8

© 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.