By Susanna Moon
Chicago, Aug. 25 – HSBC USA Inc. priced $3.2 million of 0% market plus notes due Aug. 26, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 75% knockout level, the payout at maturity will be par plus the greater of 133.3% of any index gain and zero.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
Issuer: | HSBC USA Inc.
|
Issue: | Market plus notes
|
Underlying index: | S&P 500
|
Amount: | $1.7 million
|
Maturity: | Aug. 26, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes at or above the 75% knockout level, par plus the greater of 133.3% of any index gain and zero; otherwise, full exposure to any losses
|
Initial level: | 1,970.89
|
Trigger level: | 75% of initial level
|
Pricing date: | Aug. 21
|
Settlement date: | Aug. 26
|
Underwriter: | HSBC Securities (USA) Inc.
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 3%
|
Cusip: | 40433B6C7
|
|
|
© 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.