New Issue: HSBC sells $20,000 digital plus barrier notes on Dow, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, June 4 – HSBC USA Inc. priced $20,000 of 0% digital plus barrier notes due May 29, 2024 linked to the least performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the fixed return of 30.7% and the return of the worse performing index.

If either index falls but neither finishes below the 80% knock-in level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital plus barrier notes
Underlying indexes:	Dow Jones industrial average and Nasdaq-100 index
Amount:	$20,000
Maturity:	May 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus greater of 30.7% and return of worse performing index; if either index falls but neither falls by more than 20%, par; otherwise, 1% loss for each 1% decline of worse performing index
Initial levels:	24,995.11 for Dow, 9,389.997 for Nasdaq
Knock-in levels:	80% of initial levels
Pricing date:	May 26
Settlement date:	May 29
Agent:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40438CJB8

© 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.