New Issue: HSBC sells $536,000 buffered digital notes due 2021 tied to Stoxx 50

By Susanna Moon

Chicago, July 5 – HSBC USA Inc. priced $536,000 of 0% buffered digital notes due June 29, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold level, the payout at maturity will be par plus the digital percentage of 20%.

Otherwise, investors will be exposed to any losses beyond the 15% buffer.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying asset:	Euro Stoxx 50 index
Amount:	$536,000
Maturity:	June 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 15%, par plus 20%; otherwise, 1% loss per 1% decline beyond 15%
Initial level:	3,368.72
Pricing date:	June 26
Settlement date:	June 29
Agent:	HSBC Securities (USA) Inc.
Fees:	2.8%
Cusip:	40435FE52

© 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.