By Sarah Lizee
Olympia, Wash., June 27 – HSBC USA Inc. priced $4.35 million of 0% autocallable return notes due June 27, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 10.45% a year if the index closes at or above its initial level on any semiannual call date.
If the notes are not called, the payout at maturity will be par unless the index finishes below the trigger level, 70% of the initial level, in which case investors will lose 1% for every 1% that the index declines from its initial level.
HSBC Securities (USA) Inc. is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
Issuer: | HSBC USA Inc.
|
Issue: | Autocallable return notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $4.35 million
|
Maturity: | June 27, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par unless index finishes below trigger level, in which case 1% loss for every 1% that index declines from initial level
|
Call: | Automatically at par plus call premium of 10.45% a year if index closes at or above initial level on any semiannual call date
|
Initial index level: | 3,444.36
|
Trigger level: | 2,411.05, 70% of initial level
|
Pricing date: | June 25
|
Settlement date: | June 28
|
Underwriter: | HSBC Securities (USA) Inc.
|
Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
Fees: | 3%
|
Cusip: | 40435UQU1
|
© 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.