By Susanna Moon
Chicago, Jan. 5 – HSBC USA Inc. priced $16.78 million of 0% trigger performance securities due Jan. 15, 2021 linked to the Energy Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par of $10 plus 144.68% of the gain.
If the fund 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. and UBS Financial Services Inc. are the agents.
Issuer: | HSBC USA Inc.
|
Issue: | Trigger performance securities
|
Underlying fund: | Energy Select Sector SPDR fund
|
Amount: | $16,779,420
|
Maturity: | Jan. 15, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 144.68% of any fund gain; par if fund falls by up to 25%; full exposure to any losses if fund falls below trigger level
|
Initial price: | $60.87
|
Trigger level: | $45.65, 75% of initial price
|
Pricing date: | Dec. 29
|
Settlement date: | Dec. 31
|
Agents: | HSBC Securities (USA) Inc. and UBS Financial Services Inc.
|
Fees: | 3.5%
|
Cusip: | 40434K347
|
|
|
© 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.