New York, Jan. 22 – HSBC USA Inc. priced $1.31 million of 0% dual directional buffered notes due Jan. 19, 2027 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout at maturity will be par plus 108% of the worst performing index return.
The payout will be par plus the absolute value of the worst performing index’s return if the worst performing index declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Dual directional buffered notes
|
| Underlying indexes: | Russell 2000 index and S&P 500 index
|
| Amount: | $1,308,000
|
| Maturity: | Jan. 19, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains, par plus 108% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but finishes above buffer level; 1% loss for every 1% that worst performing index declines beyond 20%
|
| Upside leverage: | 108%
|
| Cap: | None
|
| Initial levels: | 1,927.304 for Russell 2000, 4,765.98 for S&P 500
|
| Buffer levels: | 80% of initial levels
|
| Call: | Non-callable
|
| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 19
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0%
|
| Cusip: | 40447AWG5
|
|
|
|
|
|
|
© 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.
