New Issue: HSBC sells $1.32 million autocallable barrier notes on three indexes

By Sarah Lizee

Olympia, Wash., Feb. 20 – HSBC USA Inc. priced $1.32 million of 0% autocallable barrier notes due Feb. 20, 2025 linked to the S&P 500 index, the Euro Stoxx 50 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 12.7% per year if each underlying closes at or above its initial level on any annual observation date after one year.

If the notes are not called and the least performing index declines by up to 40%, the payout will be par.

If any index finishes below 60% of its initial level, the payout will be par plus the return of the least performing index with full exposure to the decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes
Underlying assets:	S&P 500 index, Euro Stoxx 50 index and Dow Jones industrial average
Amount:	$1,324,000
Maturity:	Feb. 20, 2025
Coupon: 0%
Price:	Par
Payout at maturity:	If notes are not called, par unless any index finishes below trigger level, in which case full exposure to decline of least performing index
Call:	Automatically at par plus 12.7% per year if each underlying closes at or above its initial level on any annual observation date after one year
Initial levels:	3,380.16 for S&P, 3,840.97 for Stoxx, 29,398.08 for Dow
Trigger levels:	2,028.096 for S&P, 2,304.582 for Stoxx, 17,638.848 for Dow; 60% of initial levels
Pricing date:	Feb. 14
Settlement date:	Feb. 20
Underwriter:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435U6H2

© 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.