By Angela McDaniels
Tacoma, Wash., April 24 – HSBC USA Inc. priced $1.5 million of 0% lookback allocator notes due Jan. 28, 2019 linked to three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The indexes are the Deutsche Borse AG German Stock Price index, which is a capitalization-weighted index of 30 German stocks traded on the FWB; the CAC 40 index, which is weighted by free-float market capitalization and turnover of shares and is designed to reflect the general trends in the trading of shares listed on Euronext Paris SA, and the IBEX 35 index, which is a price return index composed of the 35 most liquid securities listed on the Stock Exchange Interconnection System of the four Spanish Stock Exchanges.
The payout at maturity will be par plus 60% of the return of the best-performing index, 30% of the return of the second best-performing index and 10% of the return of the worst-performing index. The notes are not principal protected, so the payout could be less than par.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Lookback allocator notes
|
| Underlying indexes: | Deutsche Borse AG German Stock Price, CAC 40 and IBEX 35
|
| Amount: | $1.5 million
|
| Maturity: | Jan. 28, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 60% of return of best-performing index, 30% of return of second best-performing index and 10% of return of worst-performing index; could be less than par
|
| Initial levels: | 6,069.16 for Deutsche Borse AG German Stock Price, 5,211.09 for CAC 40 and 11,399.20 for IBEX 35
|
| Pricing date: | April 22
|
| Settlement date: | April 27
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40433BT99
|
© 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.
