New Issue: HSBC sells $140,000 barrier digital return notes on Russell, technology fund

By Wendy Van Sickle

Columbus, Ohio, May 9 – HSBC USA Inc. priced $140,000 of 0% barrier digital return notes due June 3, 2019 linked to the lesser performing of the Russell 2000 index and the Technology Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying finishes at or above its barrier level, 70% of its initial level, the payout at maturity will be par plus the digital return of 8.5%. Otherwise, investors will be fully exposed to the decline of the lesser performer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlyings:	Russell 2000 index and Technology Select Sector SPDR fund
Amount:	$140,000
Maturity:	June 3, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying finishes at or above its barrier level, par plus 8.5%; otherwise, investors will be fully exposed to the decline of the lesser performer
Initial levels:	1,541.884 for index and $65.46 for fund
Barrier levels:	1,079.3188 for index and $45.822 for fund; 70% of initial levels
Pricing date:	April 30
Settlement date:	May 3
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40435FYF8

© 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.