New Issue: HSBC sells $6.40 million Accelerated Return Notes on SPDR Gold Shares

By Marisa Wong

Los Angeles, Jan. 4 – HSBC USA Inc. priced $6,403,890 of 0% Accelerated Return Notes due Jan. 28, 2022 linked to SPDR Gold Shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any fund gain, capped at par plus 16.08%. Investors will be exposed to any fund decline.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying fund:	SPDR Gold Shares
Amount:	$6,403,890
Maturity:	Jan. 28, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any fund gain, capped at par plus 16.08%; full exposure to any fund decline
Initial value:	$169.59
Final value:	Average of fund’s closing prices on five trading days ending Jan. 25, 2022
Pricing date:	Nov. 24
Settlement date:	Dec. 2
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	40438Q589

© 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.