By Marisa Wong
Morgantown, W.Va., April 4 – HSBC USA Inc. priced $84,500 of 0% trigger performance securities due March 31, 2021 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par of $10 plus 174% of the ETF return.
If the ETF return is zero or negative and the ETF’s final share price is greater than or equal to the trigger price, 75% of the initial share price, the payout will be par.
If the final share price is less than the trigger price, investors will be fully exposed to the decline in the ETF from its initial share price.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger performance securities
|
| Underlying ETF: | Vanguard FTSE Emerging Markets ETF
|
| Amount: | $84,500
|
| Maturity: | March 31, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If ETF return is positive, par plus 174% of ETF return; if ETF return is zero or negative and ETF’s final share price is greater than or equal to trigger level, par; if final share price is less than trigger level, full exposure to decline in ETF from initial share price
|
| Initial share price: | $33.90
|
| Trigger level: | $25.43, 75% of initial share price
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40434N622
|
|
|
© 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.
