New Issue: HSBC prices $275,000 buffered leveraged tracker notes linked to S&P 500

By Marisa Wong

Madison, Wis., March 28 - HSBC USA Inc. priced $275,000 of 0% buffered leveraged tracker notes due March 31, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 135% of the index return. If the index return is less than or equal to zero but greater than or equal to negative 30%, the payout will be par. If the index return is less than negative 30%, investors will lose 1.4286% for each 1% decline beyond 30%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered leveraged tracker notes
Underlying index:	S&P 500
Amount:	$275,000
Maturity:	March 31, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 135% of index return; if index return is less than or equal to zero but greater than or equal to negative 30%, par; if index return is less than negative 30%, 1.4286% loss for each 1% that index declines beyond 30%
Initial index level:	1,852.56
Pricing date:	March 26
Settlement date:	March 31
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40432XW56

© 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.