New Issue: HSBC sells $500,000 dual directional buffered notes on three indexes

By Sarah Lizee

Olympia, Wash., June 25 – HSBC USA Inc. priced $500,000 of 0% dual directional buffered notes due June 22, 2026 linked to the lesser performing of the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.05 times any gain of the least performing index.

If any index falls but the least performer declines by no more than the 25% buffer amount, then the payout at maturity will be par plus the absolute value of the return of the least performing index.

If the least performing index declines by more than 25%, then the payout will be par less the loss of that index beyond the 25% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Dual directional buffered notes
Underlying indexes:	Russell 2000 index, Dow Jones industrial average and S&P 500 index
Amount:	$500,000
Maturity:	June 22, 2026
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.05 times any gain of the least performing index; if any index falls but the least performer declines by no more than the buffer amount, par plus the absolute value of the return of the least performing index; if the least performing index declines by more than buffer level, par less the loss of that index beyond the buffer
Initial values:	3,113.49 for S&P, 1,426.531 for Russell and 26,119.61 for Dow
Buffer levels:	75% of initial levels
Pricing date:	June 17
Settlement date:	June 22
Agent:	HSBC Securities (USA) Inc.
Fees:	1.75%
Cusip:	40438CMM0

© 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.