New Issue: HSBC sells $215,000 limited loss notes linked to HSBC Vantage5 index

By Wendy Van Sickle

Columbus, Ohio, Oct. 5 – HSBC USA Inc. priced $215,000 of zero-coupon 5% limited loss notes due Sept. 28, 2020 linked to the HSBC Vantage5 Index (USD) Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 121% of any index gain.

If the index falls, the payout will be par plus the index return, subject to a minimum payment of $950 per $1,000 principal amount.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	5% limited loss notes
Underlying index:	HSBC Vantage5 Index (USD) Excess Return
Amount:	$215,000
Maturity:	Sept. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 121% of any index gain; if the index falls, par plus the index return, subject to a minimum payment of 95% of par
Initial value:	151.161
Pricing date:	Sept. 25
Settlement date:	Sept. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40435F2S5

© 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.