New Issue: HSBC prices $2.02 million digital notes linked to Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Oct. 29 – HSBC USA Inc. priced $2.02 million of 0% digital notes due July 12, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to 87.5% of the initial level, the payout at maturity will be $1,105 for each $1,000 principal amount. Otherwise, investors will lose 1.1429% for every 1% index decline beyond 12.5%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$2,023,000
Maturity:	July 12, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 87.5% of initial level, par plus 10.5%; otherwise, 1.1429% loss for every 1% index decline beyond 12.5%
Initial index level:	4,223.97
Pricing date:	Oct. 26
Settlement date:	Nov. 2
Underwriter:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40439JQL2

© 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.