By Susanna Moon
Chicago, July 28 – HSBC USA Inc. priced $754,000 of 0% barrier Accelerated Market Participation Securities due Jan. 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 49%.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% barrier.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Barrier Accelerated Market Participation Securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $754,000
|
Maturity: | Jan. 31, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 150% of any index gain, capped at 49%; par if index declines by 30% or less; full exposure to any losses if the index falls below barrier level
|
Barrier level: | 70% of initial level
|
Pricing date: | July 24
|
Settlement date: | July 31
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 2.35%
|
Cusip: | 40433B2N7
|
|
|
|
© 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.