New Issue: HSBC prices $1.21 million barrier leveraged tracker notes on Hang Seng

By Susanna Moon

Chicago, Sept. 22 – HSBC USA Inc. priced $1.21 million of 0% barrier leveraged tracker notes due Sept. 24, 2018 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.38 times any index gain.

Investors will receive par if the index falls by 25% or less and will be fully exposed to any losses if the index finishes below the 75% barrier level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier leveraged tracker notes
Underlying index:	Hang Seng China Enterprises
Amount:	$1.21 million
Maturity:	Sept. 24, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 138% of any index gain; par if index falls by 25% or less; full exposure to any losses if index drops below barrier
Initial index level:	10,783.33
Barrier level:	75% of initial level
Pricing date:	Sept. 19
Settlement date:	Sept. 24
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40433BNP9

© 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.