New Issue: HSBC sells $34.72 million Accelerated Return Notes on index basket

By Wendy Van Sickle

Columbus, Ohio, Feb. 23 – HSBC USA Inc. priced $34.72 million of 0% Accelerated Return Notes due April 30, 2019 tied to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 19.8%.

Investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Basket components:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
Amount:	$34,716,320
Maturity:	April 30, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, capped at 19.8%; 1% loss for each 1% decline
Initial levels:	3,431.99 for Euro Stoxx 50; 7,252.39 for FTSE 100; 21,736.44 for Nikkei 225; 8,967.43 for Swiss Market; 5,950.881 for S&P/ASX 200; 30,965.68 for Hang Seng
Pricing date:	Feb. 22
Settlement date:	March 1
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	40435J273

© 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.