New Issue: HSBC sells $2.22 million trigger PLUS notes due 2019 on worst of S&P, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Sept. 7 – HSBC USA Inc. priced $2.22 million of 0% Trigger Performance Leveraged Upside Securities due March 5, 2019 linked to the worst performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 203% of any gain in the worst performing index.

Investors will receive par if the worst performing index falls by up to 10% and will lose 1% for each 1% decline of that laggard index from its initial level if the index drops below the 90% trigger level.

HSBC Securities (USA) Inc. is the agent, with Morgan Stanley Wealth Management handling distribution.

Issuer:	HSBC USA Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying indexes:	S&P 500 and Euro Stoxx 50
Amount:	$2.22 million
Maturity:	March 5, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each is greater than initial index level, par plus 203% of lesser-performing index return; if lesser-performing index falls by up to trigger level, par; otherwise, full exposure to loss of lesser-performing index
Initial index levels:	2,471.65 for S&P, 3,421.47 for Stoxx
Trigger levels:	2,224.49 for S&P, 3,079.32 for Stoxx, 90% of initial levels
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
Fees:	2.5%
Cusip:	40435G477

© 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.