Chicago, Oct. 20 – HSBC USA Inc. priced $5.47 million of trigger autocallable notes due Oct. 18, 2028 linked to the performance of a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index (40% weight), the Nikkei 225 index (25% weight), the FTSE 100 index (17.5% weight), the Swiss Market index (10% weight) and the S&P/ASX 200 index (7.5% weight).
The notes will be automatically called at par plus a 10.9% annualized call premium if the basket closes at or above its initial level on any quarterly valuation date starting after one year.
If the basket finishes at or above its start level, the payout at maturity will be par plus the 54.5% final call premium.
If the basket declines but finishes above the 75% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the basket from its initial level.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger autocallable notes
|
| Underlying basket: | Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight) and S&P/ASX 200 index (7.5% weight)
|
| Amount: | $5,472,490
|
| Maturity: | Oct. 18, 2028
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus final applicable premium of 54.5% if basket finishes at or above start level; par if basket declines but finishes above downside threshold; otherwise, 1% loss per 1% decline of the basket from initial level
|
| Call: | Automatically at par plus a 10.9% annualized call premium if the basket closes at or above initial level on any quarterly valuation date starting after one year
|
| Initial level: | 4,136.12 for Stoxx, 32,315.99 for Nikkei, 7,599.60 for FTSE, 10,900.30 for Swiss and 7,051.027 for S&P/ASX
|
| Pricing date: | Oct. 13
|
| Settlement date: | Oct. 18
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 40443B627
|
|
|
© 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.
