New Issue: HSBC prices $4.98 million buffered notes on Russell 2000, iShares EAFE

By Marisa Wong

Los Angeles, July 24 – HSBC USA Inc. priced $4.98 million of buffered notes with fixed coupons due Nov. 23, 2020 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly at a rate of 5.05% per year.

The payout at maturity will be par unless the lesser performing asset falls by more than 17.5%, in which case investors will lose 1.2121% for each 1% that the lesser performing asset declines beyond 17.5%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered notes with fixed coupons
Underlying assets:	Russell 2000 index, iShares MSCI EAFE ETF
Amount:	$4,975,000
Maturity:	Nov. 23, 2020
Coupon:	5.05%, payable monthly
Price:	Par
Payout at maturity:	Par unless the lesser performing asset falls by more than 17.5%, in which case 1.2121% loss for each 1% that the lesser performing asset declines beyond 17.5%
Initial values:	1,550.778 for index and $65.50 for ETF
Pricing date:	July 17
Trade date:	July 18
Settlement date:	July 23
Underwriter:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435UTB0

© 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.