By Susanna Moon
Chicago, March 29 - HSBC USA Inc. priced $1.75 million of 0% 50/150 performance notes due March 30, 2017 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes provide 1.5 times uncapped exposure to any gains and 0.5 times exposure to any losses.
The payout at maturity will be par plus 1.5 times any index gain.
If the index falls, investors will lose 0.5% for every 1% decline.
The S&P 500 Low Volatility index is made up of the 100 least-volatile stocks over the previous year in the S&P 500 index.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
|
Issue: | 50/150 performance notes
|
Underlying index: | S&P 500 Low Volatility index
|
Amount: | $1,751,000
|
Maturity: | March 30, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 150% of any index gain; if index falls, 0.5% loss per 1% decline
|
Initial index level: | 4,307.81
|
Pricing date: | March 27
|
Settlement date: | March 30
|
Underwriter: | HSBC Securities (USA) Inc.
|
Fees: | 4.5%
|
Cusip: | 4042K1ZH9
|
© 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.