By Susanna Moon
Chicago, Aug. 4 – HSBC USA Inc. priced $9.01 million of 0% trigger performance securities due July 31, 2020 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 of $10 plus 165.81% of any index gain.
If the index falls by up to the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter. UBS Financial Services Inc. is agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger performance securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $9,007,620
|
| Maturity: | July 31, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 165.81% of any index gain; par if index falls by up to 25%; full exposure to any losses if index finishes below trigger level
|
| Initial level: | 3,575.53
|
| Trigger level: | 2,681.65, 75% of initial level
|
| Pricing date: | July 29
|
| Settlement date: | July 31
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Agent: | UBS Financial Services Inc.
|
| Fees: | 4.5%
|
| Cusip: | 40434E796
|
|
|
|
|
© 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.
