New Issue: HSBC prices $9.18 million step down trigger autocalls tied to Russell, Stoxx

By Kiku Steinfeld

Chicago, Dec. 21 – HSBC USA Inc. priced $9.18 million of 0% step down trigger autocallable notes due Dec. 16, 2025 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

After one year, the notes will be called at par of $10 plus an annual call premium of 7.1% if each index closes at or above its initial level on any quarterly review date or at or above its 75% downside threshold on the final date.

If the notes are not called, the payout at maturity will be par plus the return of the worse performing index with full exposure to any losses.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Step down trigger autocallable notes
Underlying indexes:	Russell 2000 and Euro Stoxx 50
Amount:	$9,182,680
Maturity:	Dec. 16, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus return with 1% loss per 1% decline of worse performing index
Call:	After one year, at par plus 7.1% per year if index closes at or above its initial level on any quarterly review date or above 75% downside threshold on final date
Initial levels:	1,911.697 for Russell, 3,485.84 for Stoxx
Downside thresholds:	1,433.773 for Russell, 2,614.38 for Stoxx, 75% of initial levels
Pricing date:	Dec. 11
Settlement date:	Dec. 16
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40438Q290

© 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.