New Issue: HSBC sells $20.82 million Accelerated Return Notes on index basket

By Wendy Van Sickle

Columbus, Ohio, Aug. 31 – HSBC USA Inc. priced $20.82 million of 0% Accelerated Return Notes due Oct. 28, 2022 tied to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index with an initial weight of 20%, the Nikkei Stock Average index with an initial weight of 20%, the Swiss Market index with an initial weight of 7.5%, the S&P/ASX 200 index with an initial weight of 7.5% and the FTSE China 50 index with an initial weight of 5%.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 13.31%.

Investors will be exposed to any losses.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying indexes:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and FTSE China 50 index (5% weight)
Amount:	$20,815,370
Maturity:	Oct. 28, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, capped at 13.31%; 1% loss for each 1% decline
Initial index levels:	4,169.87 for Euro Stoxx 50; 7,124.98 for FTSE 100; 27,742.29 for Nikkei; 12,409.03 for Swiss Market; 7,491.225 for S&P/ASX 200; 17,719.66 for FTSE China 50
Pricing date:	Aug. 26
Settlement date:	Sept. 3
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	40439K466

© 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.