New Issue: HSBC sells $743,000 buffered digital notes tied to Dow

By Susanna Moon

Chicago, Dec. 27 – HSBC USA Inc. priced $743,000 of 0% buffered digital notes due Dec. 31, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be the greater of the return and the digital upside payment of 20%.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	Dow Jones industrial average
Amount:	$743,000
Maturity:	Dec. 31, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	if index gains, par plus greater of return and 20%; par if index falls by up to 20%, otherwise 1% loss for each 1% decline beyond 20%
Initial level:	19,941.96
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Agent:	HSBC Securities (USA) Inc.
Fees:	3.25%
Cusip:	40433UB88

© 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.