New Issue: HSBC sells $657,000 buffered digital notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 27 – HSBC USA Inc. priced $657,000 of 0% buffered digital due March 30, 2023 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus 15.5%.

Otherwise, investors will lose 1% for each 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	S&P 500
Amount:	$657,000
Maturity:	March 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains or falls by up to 15%, par plus 15.5%; otherwise, 1% loss for each 1% decline beyond 15%
Initial level:	2,984.87
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	2.8%
Cusip:	40435UVZ4

© 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.