New Issue: HSBC sells $500,000 barrier market participation notes on basket of stocks

By Sarah Lizee

Olympia, Wash., Sept. 4 – HSBC USA Inc. priced $500,000 of 0% barrier market participation securities due Sept. 5, 2023 tied to an equally-weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Amazon.com, Inc., Apple Inc., Facebook, Inc. and Alphabet, Inc.

If the basket return is positive, the payout at maturity will be par plus the return, capped at par plus 70.65%.

Investors will receive par if the basket falls by up to 30%.

Otherwise, investors will be fully exposed to the basket’s decline from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier market participation securities
Underlying stocks:	Amazon.com, Inc., Apple Inc., Facebook, Inc. and Alphabet, Inc.; equally weighted
Amount:	$500,000
Maturity:	Sept. 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus the return, capped at par plus 70.65%; par if the basket falls by up to 30%; otherwise, investors will be fully exposed to the basket’s decline from its initial level
Initial levels:	$3,450.96 for Amazon, $129.04 for Apple, $293.20 for Facebook and $1,634.18 for Alphabet
Barrier level:	70% of initial basket level
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	HSBC Securities (USA) Inc.
Fees:	0.75%
Cusip:	40438CVT5

© 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.