New Issue: HSBC sells $3.46 million autocallable barrier notes on three indexes

By Sarah Lizee

Olympia, Wash., Jan. 28 – HSBC USA Inc. priced $3.46 million of 0% autocallable barrier notes due Jan. 29, 2026 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of 10.9% a year if each underlying closes at or above its initial level on any annual observation date.

The payout at maturity will be par unless either underlying falls by more than 25%, in which case investors will be fully exposed to the decline of the worse performer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes
Underlying assets:	S&P 500 index, Russell 2000 index and Euro Stoxx 50 index
Amount:	$3,456,000
Maturity:	Jan. 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either underlying falls by more than 25%, in which case investors will be fully exposed to the decline of the worst performer
Call:	Automatically at par plus a call premium of 10.9% a year if each underlying closes at or above its initial level on any annual observation date
Initial levels:	3,295.47 for S&P, 1,662.232 for Russell and 28,989.73 for Dow
Barrier levels:	2,471.6025 for S&P, 1,246.674 for Russell and 21,742.2975 for Dow; 75% of initial levels
Pricing date:	Jan. 24
Settlement date:	Jan. 29
Underwriter:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435U2X1

© 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.