New Issue: HSBC prices $1 million contingent buffered enhanced notes linked to DAX

By Angela McDaniels

Tacoma, Wash., Jan. 17 - HSBC USA Inc. priced $1 million of 0% contingent buffered enhanced notes due Jan. 21, 2016 linked to the DAX index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is less than the initial index level by more than 30%, investors will lose 1% for every 1% that the final level is less than the initial level. Otherwise, the payout at maturity will be par plus 4.75%.

HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as agent.

Issuer:	HSBC USA Inc.
Issue:	Contingent buffered enhanced notes
Underlying index:	DAX index
Amount:	$1 million
Maturity:	Jan. 21, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 4.75% unless final index level is less than initial index level by more than 30%, in which case 1% loss for every 1% that final level is less than initial level
Initial index level:	9,733.81
Pricing date:	Jan. 15
Settlement date:	Jan. 21
Underwriter:	HSBC Securities (USA) Inc.
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	40432XS44

© 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.