By Marisa Wong
Madison, Wis., April 11 - HSBC USA Inc. priced $5.98 million of buffered autocallable yield notes with rebate return due Oct. 16, 2015 linked to the worse performing of the Russell 2000 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any semiannual call observation date, the notes will be automatically called at par plus an annualized call premium of 9%.
If the notes are not called and the final return of the lesser performing index is less than zero but greater than or equal to negative 15%, the payout at maturity will be par plus the rebate return of 9%.
If the final return of the lesser performing index is less than negative 15%, investors will lose 1.1765% for every 1% decline beyond the 15% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered autocallable notes with rebate return
|
| Underlying indexes: | Russell 2000, MSCI EAFE
|
| Amount: | $5.89 million
|
| Maturity: | Oct. 16, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final return of lesser performing index is less than zero but greater than or equal to negative 15%, par plus rebate return of 9%; otherwise, investors will lose 1.1765% for every 1% decline beyond 15% buffer
|
| Call: | Automatically at par plus an annualized call premium of 9% if each index closes at or above its initial level on any semiannual call observation date
|
| Initial levels: | 1,127.6586 for Russell and 1,919.80 for MSCI EAFE
|
| Pricing date: | April 10
|
| Settlement date: | April 15
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.05%
|
| Cusip: | 40432XYG0
|
© 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.
