New Issue: HSBC prices $2.5 million accelerated market participation securities on S&P

By Wendy Van Sickle

Columbus, Ohio, July 31 – HSBC USA Inc. priced $2.5 million of 0% accelerated market participation securities due Sept. 30, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of par plus 13%.

Investors will have full exposure to any index decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated market participation securities
Underlying index:	S&P 500 index
Amount:	$2,500,800
Maturity:	Sept. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 300% of index return, subject to a maximum return of par plus 13%; full exposure to loss
Initial level:	4,554.64
Buffer:	15%
Pricing date:	July 24
Settlement date:	July 27
Agent:	HSBC Securities (USA) Inc.
Fees:	1.85%
Cusip:	40443B726

© 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.